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by amjnsx 887 days ago
No there is a hard limit of 21m Bitcoins. You can't just "print more".

Yes it's possible to trade "paper bitcoins" but if you don't own the underlying asset you are always at risk of being found out and not being able to cover the amount.

1 comments

So the only difference between Bitcoin and stocks in 2024 is that stocks are backed by an actual underlying company. Nice.
Nope. Bitcoin is the thing that does the backing.

Stocks are just a weak entitlement (not ownership) to some property that will ultimately be significantly "backed" by the bitcoin on its balance sheet

Can you use stocks to trade with others worldwide in realtime with a super low fee and full control over the payment process?

Bitcoin still is a lot more than just that

Traditionally you just use money to do that.
You don't. It's illegal to travel with more than $X over boarder Y. Embargos and different banking systems and culture make 'bank transfers' inaccessible to a majority of people in this world.

The only alternatives are western union and other private companies with 10+% fees or hidden private banking networks like 'Hawala'.

The difference is that the US can back one by printing more money, and they can't print more bitcoin.