[ExI] Bitcoin

Gordon gts_2000 at yahoo.com
Fri Apr 5 04:01:26 UTC 2013


>>…When I wrote those words above, I was alluding to the possibility that although bitcoin is ingeniously structured to ensure scarcity of bitcoins over the long run, analogous to what nature has done for gold, the proliferation of alternative digital currencies might nonetheless inflate the overall digital money supply into the indefinite future. Just as central banks can "print money" out of thin air, so too can anyone create a new bitcoin-like digital currency. If am correct about this then the scarcity of digital money is illusory and it loses an important advantage over ordinary fiat money. I would rather be incorrect. What is wrong with my thinking here?...--



> There is nothing wrong with your thinking Aleksei, it is perfectly legitimate.

Those were actually my words, spike. :)

Gordon 
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