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They already have created an infinite number of them. Nobody is buying them. BTC and a couple of others have the property of being valueable (which is decided i
by Erlich_Bachman 6y ago
They already have created an infinite number of them. Nobody is buying them. BTC and a couple of others have the property of being valueable (which is decided in consensus by the users in the real world), while also being scarce. Nobody cares if some shitcoin on the bottom of coinmarketcap is not scarce. It is irrelevant.
So yes, useful cryptocurrencies are scarce.
- the_gastropod 6y ago> BTC and a couple of others have the property of being valueable I'm not sure this is a rock-solid argument. Ponzi schemes also have value (until they don't). MLM's are often massively valuable, too. But most people would acknowledge they're little more than scams to the huge majority of people "invested" in them.