3 ms·
Crypto also risks the ability of central banks to print infinite amounts of money
by seibelj 6y ago
Crypto also risks the ability of central banks to print infinite amounts of money
- user-the-name 6y agoCryptocurrencies are being printed in massive amounts all the time.
- matheusmoreira 6y agoHe said infinite amounts. Cryptocurrencies usually have a fixed supply.
- user-the-name 6y agoSo you're saying he is wrong in the weirdest way possible, by literally implying that central banks print infinite money, in a finite universe?
- matheusmoreira 6y agoBy infinite supply people mean the bank's ability to create any amount of money at will. Most cryptocurrencies have limits on the money supply.
- user-the-name 6y agoFrom the perspective of cryptocurrencies in general, those limits don't mean much when you can create new cryptocurrencies at a whim. The supply is equally limitless.