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physics137
2639 days ago
Total number of bitcoins (at t = infinity) is a conserved quantity. Do you think this sort of analysis applies to cryptocurrencies?
2 comments
qubex
2638 days ago
I’d say it proves that cryptocurrencies that do not allow fractional reserve banking are just rehashes (no pun intended) of old & discredited bimetallic/gold standard/specie/mercantilist ways of thinking.
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malaya_zemlya
2638 days ago
at t -> infinity, the total amount of bitcoins in circulation tends to 0 because there is always a positive probability to lose any private key.
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qubex
2638 days ago
Good point.
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