Quote:
Originally Posted by Tervuren
The bitcoin is backed by the work to find it.
This limits the rate of new bit coins.
In contrast, the rate of new dollars in recent years that are getting printed out and sent to the connected has been staggering.
What a dollar can buy is dropping as a result, and those farther from the connection are hardest hit.
This makes a demand for a currency that bypasses the taxation of printing.
I have yet to invest the time to get into crypto, but I can see a value to it.
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I’m thinking there may be no such thing as a Bitcoin. And since something that doesn’t exist can never be found, the mysterious Bitcoin is infinitely valuable, right?
OTOH, the value of the dollar is dropping like a Kardashian’s knickers so people will naturally grab on to something whose value is rising with something whose value is falling and the sooner the better.