Re:Alleged Coinomi exploit shows how easy it is to have Bitc...
by jancsika on Wednesday February 27, 2019 @12:36PM
(#19265057)
Then you're fighting two fronts.
Practical digital cash of the type you describe needs to have two properties in addition to preventing double spending-- a) quick transaction time (close to immediate) and b) extremely small fees. Otherwise having small amounts of the digital cash doesn't make any sense.
Worse, you've got prior art in Ecash that not only had those properties but also unlinkability. So it can be done, Bitcoin doesn't do it, and as a result the market for it is extremely small and out of touch with the hype around it.
Practical digital cash of the type you describe needs to have two properties in addition to preventing double spending-- a) quick transaction time (close to immediate) and b) extremely small fees. Otherwise having small amounts of the digital cash doesn't make any sense.
Worse, you've got prior art in Ecash that not only had those properties but also unlinkability. So it can be done, Bitcoin doesn't do it, and as a result the market for it is extremely small and out of touch with the hype around it.