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Strategies & Market Trends : Blockchain and Cryptocurrencies
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To: Elroy who wrote (338)1/24/2018 9:49:27 PM
From: Sam  Read Replies (1) of 7635
 
What is bitcoin mining if that isn't creating new coins? How is it "fixed" at 21 million? Who fixes it? 21 million doesn't sound like very much to me if it is really to be a "store of value". How on earth is one to use a coin that is worth, e.g., $50k (just to pluck a number out of the air)? If you have to exchange it for "fiat currency" to use it, you are still at the mercy of inflation.

And what are all these other cryptocurrencies? Aren't they creating new currencies? Don't they dilute each other?
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