Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Blockchain and Cryptocurrencies -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (338)	1/24/2018 9:49:27 PM
From: Sam	Read Replies (1) \| Respond to of 7632

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?