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I don't agree with the comparison to "making" coins or cash. Coins and cash actually get consumed as they degrade and/or get lost or destroyed. You need to rep
by acchow 9y ago
I don't agree with the comparison to "making" coins or cash.
Coins and cash actually get consumed as they degrade and/or get lost or destroyed. You need to replenish the supply.
But you can circulate bitcoin forever.
You need to compare transactions.
How do I send you cash? You can give me an address to meet you at. We both drive our cars or take public transit there and consume some amount of energy and time to meet up. Then I give you cash.
Or you could just tell me a bitcoin address to send to.
- egypturnash 9y agoI can also put that cash in a sufficiently opaque and uninteresting-looking envelope, put it in the mail, and the Post Office will take over. There is time and energy cost incurred, but it is a cost already being paid. Mostly by advertising, right now, since an assortment of lawmakers have decided in their infinite wisdom that it's not something our tax dollars should be supporting any more.