Re:Bitcoin up 15+ percent in 1 day
by josephagoss on Wednesday April 03, 2013 @03:19AM
(#5484740)
What I meant is you can't make more. If someone owns a million Bitcoins, that million Bitcoins cannot be devalued by someone mining a trillion Bitcoins. More Bitcoins cannot come into existence after the 21 million limit.
Sure, they can be slit down and down, but Gold can too. The difference is you can mine more Gold. Not possible with Bitcoin.
Re:Bitcoin up 15+ percent in 1 day
by Devilboy on Wednesday April 03, 2013 @06:08AM
(#5485150)
I guess the main difference is that we know exactly how many bitcoins are left to be mined, while we don't really know how much gold is left in the earth's crust.
Sure, they can be slit down and down, but Gold can too. The difference is you can mine more Gold. Not possible with Bitcoin.