Cryptocurrency chaos as China cracks down on ICOs

Re:Cryptocurrency chaos as China cracks down on ICOs by tpxl on Wednesday September 13, 2017 @04:03AM (#15236365)

There's a limited amount of bitcoin to go around.

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Re:Cryptocurrency chaos as China cracks down on ICOs by blueprint on Wednesday September 13, 2017 @04:13AM (#15236418)

There are other cryptocurrencies aside from Bitcoin, even if Bitcoin is not able to be a true currency (e.g. fungibility issue). See Monero. It has a tail emission.

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Re:Cryptocurrency chaos as China cracks down on ICOs by tpxl on Wednesday September 13, 2017 @04:23AM (#15236461)

Every cryptocurrency based on Bitcoin mechanics has the same problems as Bitcoin. That, as you rightly pointed out, does not discount other cryptocurrencies without these issues. I was aiming solely at Bitcoin (and similar cryptocurrencies).

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Re:Cryptocurrency chaos as China cracks down on ICOs by boobsbr on Wednesday September 13, 2017 @04:08AM (#15236388)

Wouldn't that make the value of a token rise, as there is demand but no supply?

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Re:Cryptocurrency chaos as China cracks down on ICOs by tpxl on Wednesday September 13, 2017 @04:20AM (#15236453)

Yes, that is what deflation is, is it not? More goods for the same amount of currency?

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Re:Cryptocurrency chaos as China cracks down on ICOs by boobsbr on Wednesday September 13, 2017 @06:57AM (#15237096)

You're right, my bad.

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