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"We don’t really know how this coin is created." "I don't really understand how this coin is created" - FTFY
by michaelwww 14y ago
"We don’t really know how this coin is created."
"I don't really understand how this coin is created"
- FTFY
- evv 14y agoExactly. One of the biggest advantages of BitCoin is that the consumers of the currency can understand exactly how and when new money enters the system. That would be a significant improvement over existing currencies.
- geon 14y agoReally. The bitcoin software is open source, isn't it? Just read the source! (Or rater, have someone read it and explain it to you, since the writer doesn't seem to be a programmer.) And transparency? The protocol os very clear about how new coins are created. All nodes on the network een has to agree about creation of coins. How could it be more transparent?