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"The main problem is that it is deflationary, to support a global economy it needs to slightly inflationary." Bitcoin doesn't need to "support a global economy
by tlrobinson 13y ago
"The main problem is that it is deflationary, to support a global economy it needs to slightly inflationary."
Bitcoin doesn't need to "support a global economy" for it to be useful/successful.
"Right now more half of Bitcoin supply is already own by someone"
Are you saying one entity owns half of all Bitcoins? I've heard the figure of a few percent thrown around, but never half.
- jsutton 13y agoMore than half the Bitcoin supply is in existence right now, no one person owns any significant percentage. Except SN.
- haakon 13y agoI'm sure he means that half of all bitcoins that will ever exist have already been mined, meaning they belong to someone (obviously not one person). This is correct (unless you want to argue about lost coins etc).