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If I print a trillion schrute bucks, have I devalued the US dollar? If I print another trillion schrute bucks, does the US dollar suffer inflation, or does the
by jjk166 4y ago
If I print a trillion schrute bucks, have I devalued the US dollar? If I print another trillion schrute bucks, does the US dollar suffer inflation, or does the schrute buck?
Yes people can make an infinite number of currencies, but they are all parallel systems. Making a new coin doesn't inflate the supply of bitcoin, it is just one more thing that bitcoin could potentially be exchanged for. And in practice it seems unlikely that more than a few thousand could be adopted by enough people to have a value appreciably different from zero.