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Re:JP Morgan Unveils USD-Backed Cryptocurrency for B2B Payments by darawk on Thursday February 14, 2019 @12:48PM (#19163998)
Sorry, there may be small fees paid to the miners. But those fees will presumably be dramatically less than this current company charges.
Re:JP Morgan Unveils USD-Backed Cryptocurrency for B2B Payments by hcknwscommenter on Thursday February 14, 2019 @01:02PM (#19164146)
You are putting a lot of weight on "presumably." Someone has to pay for all that mining. Or, you know, skip the mining and your costs should be lower.
Re:JP Morgan Unveils USD-Backed Cryptocurrency for B2B Payments by DennisP on Thursday February 14, 2019 @01:20PM (#19164334)
They do skip the mining. Mining defends against Sybil attacks, which you don't have to worry about if you know who all the participants are.