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Bitcoin's ones and zeroes don't originate in a central bank.
by ferdo 13y ago
Bitcoin's ones and zeroes don't originate in a central bank.
- rayiner 13y agoWhich makes it harder to regulate how?
- ferdo 13y agoIf you don't create it, you can't control it. You can make laws about it, but you still don't actually control it.
- mpyne 13y agoNeither do the others. There are very many "central banks" out there, and the U.S. creates money out of thin air just as successfully as people mine Bitcoins out of thin air.
- ferdo 13y agoUnlike the creations of the central banks, there's an end to Bitcoin's creations. The value in this model is seen in Bitcoin's steadily rising and holding price.