Viewing a response to: @musing-threads/p34dxe83f
<a href="https://musing.io/q/stbrians/what-will-happen-when-crypto-coins-overflow-the-market"><b>View this question on Musing.io</b></a>
| author | stbrians |
|---|---|
| permlink | p3w5p7ujp |
| category | musing-threads |
| json_metadata | "{"app":"musing/1.1","appTags":["Cryptocurrency"],"appCategory":"Cryptocurrency","appTitle":"What will happen when crypto coins overflow the market??","appBody":"There seems to be many crypto coins and more are being listed. If they are too many in the msrket what will hapoen?","appDepth":1,"musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"question"}" |
| created | 2019-06-29 11:08:45 |
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<a href="https://musing.io/q/stbrians/what-will-happen-when-crypto-coins-overflow-the-market">View this answer on Musing.io</a>
| author | maxwellnewlife7 |
|---|---|
| permlink | fk3ju7gcf |
| category | musing-threads |
| json_metadata | "{"app":"musing/1.1","appTags":["Cryptocurrency"],"appCategory":"Cryptocurrency","appTitle":"What will happen when crypto coins overflow the market??","appBody":"<p>Bitcoin is like gold in many ways. Like gold, Bitcoin cannot simply be created arbitrarily. Gold must be mined out of the ground, and Bitcoin must be mined via digital means. Linked with this process is the stipulation set forth by the founders of Bitcoin that, like gold, it have a limited and finite supply. In fact, there are only 21 million Bitcoins that can be mined in total. Once miners have unlocked this many Bitcoins, the planet's supply will essentially be tapped out, unless Bitcoin's protocol is changed to allow for a larger supply. All confirmed Bitcoin transactions are recorded in the blockchain. The blockchain is described as a shared public ledger on which the entire Bitcoin network relies.</p><p> Bitcoin wallets calculate their spendable balance so that new transactions can be verified thereby ensuring they're actually owned by the spender.</p><p>Supporters of Bitcoin say that, like gold, the fixed supply of the currency means that banks are kept in check and not allowed to arbitrarily issue fiduciary media. What will happen when the global supply of Bitcoin reaches its limit? This is the subject of much debate among the followers and aficionados of all things cryptocurrency.</p>","appDepth":2,"appParentPermlink":"p3w5p7ujp","appParentAuthor":"stbrians","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}" |
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