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You can't just mint a new BTC on demand -- the hashing takes a fixed amount of time/energy that you have to wait for.
by kayamon 4y ago
You can't just mint a new BTC on demand -- the hashing takes a fixed amount of time/energy that you have to wait for.
- pjc50 4y agoBut that doesn't matter, you can borrow one on a defi platform and re-lend it. The exact same "money creation" process that people complain about with "banks" also works for any deposit-taking lending organisation.
- simmerup 4y agoBut you can mint Tether or USDC on demand and use that to buy BTC. As long as no one tries to cash it into real money the BTC price goes up and so does the market cap