Viewing a response to: @chron/understanding-austrian-economics-and-it-s-application-within-blockchain-technology
But bitcoin is mined from codes, from blocks so doing more mining can essentially increase the supply thus increase the prices. However I've always though that the more quantity you increase of an item the less worth it will be, but that doesn't happen with money does it.
| author | moarafatshow |
|---|---|
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Bitcoin has a limited supply which keeps the price up. U$D is constantly being created out of thin air inevitably. That is why increasing the dollars in circulation will put the price down and why increasing bitcoin's supply does not. Hope you understand.
| author | chron |
|---|---|
| permlink | re-moarafatshow-re-chron-understanding-austrian-economics-and-it-s-application-within-blockchain-technology-20180901t023147801z |
| category | cryptocurrency |
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