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> and no one can arbitrarily issue new bitcoin at a whim Anyone can fork it though. And the interesting part, as seen for bitcoin cash, is that the total marke
by stefano 9y ago
> and no one can arbitrarily issue new bitcoin at a whim
Anyone can fork it though. And the interesting part, as seen for bitcoin cash, is that the total market cap of the fork + original chain right after the fork was greater than the value pre-fork. You can technically argue that this doesn't amount to creating new bitcoins, but for all practical purposes the total amount of digital tokens did increase.
- bdamm 9y agoAn often overlooked detail of crypto currencies is that the miners are in fact acting as the "central banks" in terms of controlling currency policy.