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by GnarlinBrando
4818 days ago
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Don't forget that bitcoin can be broken down into arbitrarily small fractions. It caps, but it can still grow by being traded in increasingly smaller values. Which I don't think we really have an economic model for. And yeah, the author seems to miss a lot of the things in the bitcoin website. The whole thing presumes there are unforeseen consequences, that something will replace or complement it, and that it will be remarkably volatile for some time. It is first in breed and very well aware of that. |
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Yeah, I too found that to be conspicuously missing in the article.