It seems that the entire idea of currency is to act as a trusted means of recording exchange and debt. Of all the functions of money, which one is being improved by this proposal?
What’s actually different between this and Bitcoin? I don’t understand what the benefit of having two non-legal currencies instead of just one. The idea of wasting electricity to generate unbacked currency doesn’t make sense to me.
It seems that the entire idea of currency is to act as a trusted means of recording exchange and debt. Of all the functions of money, which one is being improved by this proposal?
What’s actually different between this and Bitcoin? I don’t understand what the benefit of having two non-legal currencies instead of just one. The idea of wasting electricity to generate unbacked currency doesn’t make sense to me.