Re:How to Get Started with Bitcoins
by kiba on Sunday December 12, 2010 @08:11PM
(#1998761)
We could imbues bitcoin with intrinsic value if we use bitcoin as a notarization database.
The problem with that is the use of bitcoin as a notarization service will erode bitcoin as a form of money. You would need to pay higher fee to prioritize bitcoin over big documents such as DNS record and contracts. That become inconvenient real fast for those who transact in bitcoin.
The problem with that is the use of bitcoin as a notarization service will erode bitcoin as a form of money. You would need to pay higher fee to prioritize bitcoin over big documents such as DNS record and contracts. That become inconvenient real fast for those who transact in bitcoin.