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Yes, that's the nature of wealth. The point is that Bitcoin really is different from other currencies in terms of how bitcoins are created. Dollars are largely
by cwp 16y ago
Yes, that's the nature of wealth.
The point is that Bitcoin really is different from other currencies in terms of how bitcoins are created. Dollars are largely created by banks. They get special permission from the government to create dollars and lend them out. Bitcoins, in contrast, can be created by anyone with some computing power, no permission needed.
The fact that one must expend resources to create bitcoins is what makes them valuable - a currency that anyone could create with no effort would be worthless.