Whats the deal with these? There surely must be a catch to it

>>136238018
No coiners always asking stupid fucking questions

>>136238018
The catch is that your transactions are recorded for all time. That's the ultimate form of currency for statist morons who must micromanage everything.

Fucked once the government attains quantum computers

Buy silver/gold - only investment that doesn't depreciate along with inflation

>>136238018
Computational waste built into the system.
Every person must keep a history of all transactions by every single other person.

This is necessary because the system is utterly trustless, but having a few central servers to maintain blockchain would be much less wasteful.

File: 1497654053218.jpg (29KB, 489x633px) Image search: [Google]

29KB, 489x633px

>>136239165
storage is vastly outpacing your idea of "waste"
there are now dinky canadian youtube channels with a PETABYTE
stop talking shit

>>136238018
People were sick of fiat currency where government gets to inflate the value whenever they like so a currency with a fixed amount was created and the trust model was designed to be a distributed one, that is to say no one person has central control over the currency, only changes that a majority can agree on get adopted.

>>136239165
>Every person must keep a history of all transactions by every single other person.
That's wrong.

>>136239165
>This is necessary because the system is utterly trustless
That's also wrong. There's distributed trust, that is to say its trust by consensus.

>Fucked once the government attains quantum computers
You can swap out the crypto used fairly easily and we already know that ECC is hardened against quantum computers, so not really a problem.

>>136238405
Zcoin. They are hard to come by as you need to go on exchanges anf buy them with Bitcoin so far, and the scam known as zcash will try to get you to buy that instead, but zcoin solves all that. It is the general purpose Bitcoin laundry.