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The coins have to be introduced to the market somehow. Mining is a fair, open way to distribute these new funds. Literally anyone can participate on equal terms
by Empact 4y ago
The coins have to be introduced to the market somehow. Mining is a fair, open way to distribute these new funds. Literally anyone can participate on equal terms.
In the case of bitcoin, the monetary inflation/issuance rate of bitcoin is currently ~1.7%, below the Fed's target for the USD, and will drop by 50% in 2024.
https://charts.woobull.com/bitcoin-inflation/ https://charts.woobull.com/bitcoin-inflation/
- _hcuq 4y agoAnd anyone with a bit of marketing power can create a new crypto currency.
- latchkey 4y agoAs @aantonop has said for a long time... "the next bitcoin, is bitcoin" https://www.youtube.com/watch?v=p0ftZgCEZos https://www.youtube.com/watch?v=p0ftZgCEZos
- mtbvg5 4y agoAnyone with a bit of marketing power can create a new tech company. Tech is a scam.
- _hcuq 4y agoThere’s actually some truth to that. More than one tech company turned out to be fraud.