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Bitcoin may be deflationary, but can you really say crypto-currencies as a group are deflationary? Cryptsy, for example, makes a market in more than 70 crypto-
by panarky 13y ago
Bitcoin may be deflationary, but can you really say crypto-currencies as a group are deflationary?
Cryptsy, for example, makes a market in more than 70 crypto-currencies [0]. If there's a low barrier to creating new currencies, then is the supply really limited?
[0] https://www.cryptsy.com/ https://www.cryptsy.com/
- hooo 13y agoExactly, crypt-currencies as a whole are inflationary. There's even a site now to create your own -- coingen.io. And it's not too hard to picture intermediaries, like bitpay and coinbase, to support many of the alternative currencies... helping adoption immediately.