5 ms·

yea, they have to mine it...

• rusk 9y ago
  but that's different. There's only a limited amount of btc you can mine, whereas currency can be printed as profligately as you like ... it's more like "gold" in that sense ...
  • dullgiulio 9y ago
    What about forks and alt-coins? Aren't those just "profiligate printing"?
    • rusk 9y ago
      Interesting point. I wouldn't say profligate since creating a new coin, and getting people to adopt it is far less trivial than printing a bundle of notes. But, I think you're right in pointing out that it is a side-channel through which more money can be "created", but in this case it's not a fiat (government) policy decision.
      • dullgiulio 9y ago
        Yes, the point being that it is (generally) easier to control a few government decision makers than exactly everyone who can make a website and start a cryptocurrency first node. There are many international institutions that check such things (IMF, or just the international money markets, etc). Basically everything that the cryptocurrency-libertarians folks keep on ignoring: turns out such problems were basically solved already.
    • jaimex2 9y ago
      Only if we adopt them, at least we have a say.
• jaimex2 9y ago
  which is fine, they are welcome to join.