Re:Bitcoin Gold Hit by Double Spend Attack, Exchanges Lose M...
by Ygg2 on Thursday May 24, 2018 @01:14AM
(#17141267)
Right, it could possibly be negative.
Second, if I went to a store spent 199 dollars and those 199 dollars magically reappeared in my hand, didn't I create money out of nothing and reduce dollar value? Yes I did. Even if I never cloned any money I reduce the expectations of future stores that their money won't magically disappear.
And yes, I am aware banks do this, but they are regulated and when they abuse it, you get a financial crisis.
Second, if I went to a store spent 199 dollars and those 199 dollars magically reappeared in my hand, didn't I create money out of nothing and reduce dollar value? Yes I did. Even if I never cloned any money I reduce the expectations of future stores that their money won't magically disappear.
And yes, I am aware banks do this, but they are regulated and when they abuse it, you get a financial crisis.