Hacker News new | ask | show | jobs
by ParameterOne 3305 days ago
Here is my take: Crypto (pick your favorite hash) is used more as a study of supply/demand than a currency. I considered mining and buying a bunch of ANT machines. I also think that the lure of bitcoin was the fact that there would only be X number of Bitcoin to mine leading to an appreciation of the coin because of less supply. But now there are many crypto currencies with more total supply than the current money supply. I eagerly await to see what happens after the last bitcoin is mined.