|
|
|
|
|
|
by Retric
3257 days ago
|
|
|
My arguments are in no ways limited to bitcoin. They directly related to all crypto currency's. Anyway... 1) US federal reserve keeps track of all US currency held by banks and the transactions between banks. The banks you use are a separate layer on top of this system, but because of the FED's ledger transactions are ultimately reversible. 2) The actual number of bitcoins that currently exist is in practice not really known. If Satoshi Nakamoto's wallet did a transaction there would suddenly be a lot more bitcoins in play, devaluing the other coins. So, effectively the number of bitcoins can increase at any time. Further, the number of existing dollars means there is no meaningful way to suddenly devalue them. At worst inflation can rise, but you can swap currency before that ends up costing you 2% thus making it irrelevant. |
|
|