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To some extent that's just how bitcoin works [1] To your last question, bitcoin is just digital gold. Unlike ethereum which is inflationary. [1]: https://rive
by rellfy 3y ago
To some extent that's just how bitcoin works [1]
To your last question, bitcoin is just digital gold. Unlike ethereum which is inflationary.
[1]: https://river.com/learn/terms/c/change-output https://river.com/learn/terms/c/change-output
- rrdharan 3y agoMeanwhile in the real world we often find new deposits of gold, and if we ever make it to space presumably we’ll find a whole lot more of it (perhaps infinite amounts).
- SCM-Enthusiast 3y agobut until space we have a finite amount of gold. Current known gold mines will be mined out at around 2030 and there is about 30 - 100k tons of gold left in unexploited gold. Current gold reserves by country: United States: 8,133 tons Germany: 3,359 tons Italy: 2,452 tons France: 2,436 tons Russia: 2,299 tons China: 1,948 tons Switzerland: 1,040 tons Japan: 846 tons India: 754 tons Netherlands: 612 tons Around 30% of known gold in the earths crust is accounted for. Nations included in the "BRICS Meme" have been purchasing large amount of gold and would like to see us return to a gold standard for monetary and policy reasons.
- Geisterde 3y agoYea, its a bug, not a feature.
- rewtraw 3y agoETH supply has decreased since the switch to PoS and BTC supply has increased fyi