…#7yh73ia) There will only ever be 21 million Bitcoin (eventually). The yearly inflation rate (new bitcoin created) will drop below gold's inflation rate in the next few years. Eventually, it will go t…
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(#7yh73ia) inflation (I have an economist) that lives next door to me, has to do with the rise and fall of the costs of good and services. nothing to do with "printing more currency".
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…#7yh73ia) Also I should point out that whilst there are in theory only ever 21M Bitcoins that could ever exist in the BTC currency, the so-called "appreciation" is actually diluting the currency. The …
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…#7yh73ia) Also BTS is only really worth "anything" at all becuase someone else is willing to "buy" it and others are willing to "sell" it. It is in theory (and practise) no different to buying "shares…
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…#7yh73ia) @prologic, I'll only add that Bitcoin as the 'first' massive cryptocurrency is a vast social experiment, appealing to me as a hacker.
But as with many 'successful' experiments it's going ou…
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…#7yh73ia) @eaplmx Agreed. I _think_ in time we'll see how things evolve. What crypto and cryptocurrencies have taught us is that these ancient COBOL systems that Banks **still use** in today 😳 _can_ b…
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…#7yh73ia) As with the example of the gun, designed to kill people, vs the knife to cook, that could be used to kill someone. Money is not moral, but the monetary systems are. That's the tricky part.
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…#7yh73ia) Btw... The _best_ resource I've ever seen was by the "Explainers":
But how does bitcoin actually work? - YouTube
Which itself is a great video to watch as it really gets down to "how it …
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