This is an interesting idea. More useful for savers. Not useful for spenders. If you really want to secure the tokens in your Litecoin wallet, transfer to a paper wallet. A quick google search for 'litecoin paper wallet' returns several good results.
yes they could make paper wallets. However a quick google search will also show results for some unsavory wallet generators as well. As a new user, how would you know? Paper wallets are safe, don't get me wrong. But wouldn't it be nice to have an extra layer of security?
The purpose of the Filecoin currency is to create a fungible token that can be spent to hire the miner network to store files. The first and foremost use of the currency is precisely this: locking it up as a reward to miners who successfully store data on the network.
For the first time in 6,000 years of human history, we can have peer-to-peer exchange where trust is not a problem anymore. And it's through the technology that underlies bitcoin. It's called the block chain.
Money money
This is an interesting idea. More useful for savers. Not useful for spenders. If you really want to secure the tokens in your Litecoin wallet, transfer to a paper wallet. A quick google search for 'litecoin paper wallet' returns several good results.
yes they could make paper wallets. However a quick google search will also show results for some unsavory wallet generators as well. As a new user, how would you know? Paper wallets are safe, don't get me wrong. But wouldn't it be nice to have an extra layer of security?
thx for the writeup!
The purpose of the Filecoin currency is to create a fungible token that can be spent to hire the miner network to store files. The first and foremost use of the currency is precisely this: locking it up as a reward to miners who successfully store data on the network.
For the first time in 6,000 years of human history, we can have peer-to-peer exchange where trust is not a problem anymore. And it's through the technology that underlies bitcoin. It's called the block chain.
The crypto market has set the bar shockingly low for entrepreneurs to raise money, and this is dangerous for everyone involved.