Bitcoin

Out of context: Reply #126

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  • scarabin0

    like gold, it's got rarity built-in. only so many are created at a time, and that amount halves every four years until the year 2140, when no more will be produced

    (there will be 21,000,000 btc in circulation at that point)

    scarabin 0Permalink
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    • There was a time when people thought using paper as money was crazy because it had no valueyurimon
    • It still has no value and inflation is an invisible tax. Its an abstraction of energy and time of your laboryurimon
    • so is gold, which is only valuable because there's only so much of itscarabin
    • it's value also lies in its utilityscarabin
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