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Sending money overseas with bitcoin doesn't exhaust the supply of bitcoin. The bitcoin isn't consumed - it's converted from useful money to bitcoin at one end,
by freeone3000 9y ago
Sending money overseas with bitcoin doesn't exhaust the supply of bitcoin. The bitcoin isn't consumed - it's converted from useful money to bitcoin at one end, and bitcoin to useful money at the other. While a limited supply of bitcoin would limit the throughput, the ledger calculation already does that, and at a much lower rate. So it's not as if any utility immediately lends bitcoin value.
- conanbatt 9y agoIt does because transfering that money takes blocks of operations to happen, which means you cant transfer infinite amounts of bitcoin in a finite amount of time. You have a limit of how much btc you can move between addresses.