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Old 04-26-2011, 07:42 AM  
NewbieNudes
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Join Date: Jan 2003
Posts: 939
The mining thing serves two purposes.

1) It incentivises people to run the nodes the network requires for it's integrity/transactional distributed database

2) It provides a way of distributing the currency at a fixed rate to allow for increasing demand, but at a fixed pre-determined rate.

The mining thing is a distraction from the purpose, which is a new online de-centralised fee fre medium of exchange.
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