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You can't make a new gold out of thin air but you can a new crypto out if thin air. This is why all crypto is fictional, if you missed the last speculation bubb
by ykevinator2 5y ago
You can't make a new gold out of thin air but you can a new crypto out if thin air. This is why all crypto is fictional, if you missed the last speculation bubble, just make a new crypto.
- dathinab 5y agoMost cryptos exist for themself, and you can't really just arbitrarily mint new BTC without the majority of miners agreeing on it. And for BTC wether a new crypto is made or not doesn't really matter that much. (Through it can, if it implicitly shakes the believe in BTC, which is quite unlikely.) (Also some crypto currencies are build with different marked mechanism in mind, where minting new tokens is not just possible but expected/required.)