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May 11, 2013, 02:58:34 AM |
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Some clarifications: 1. BitBar is based on PPC, and PPC based coin can not have a hash rate problem, since the difficulty re-adjusts on every block, also reward greatly increase when difficulty falls, so it always in equilibrium. and here is the kicker, the network can have exactly 0 PoW hashing, and it will still functions with simply PoS blocks. So a PPC based coin can never die due to lack of PoW miner.
2. What does BitBar solve? I believe there are two: * the first and only non-premined scrypt PoW+PoS network in existence * the only coin with potentially high denomination and a tiny blockchain (due to being PPC based+high denomination), that could end up as a reserve currency for banks/big institutions. I don't think many of these guys want to deal with 10GB+ current annual growth of the Bitcoin blockchain plus the dust/spam/taint that comes with it. BitBar can be a true reserve currency.
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