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ElaKiri Talk!
Bitcoin = Ponzi scheme ???
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<blockquote data-quote="your_love" data-source="post: 22674232" data-attributes="member: 398316"><p><span style="font-size: 15px">meka kiyopan</span></p><p></p><p><span style="font-size: 12px"><strong>Bitcoins are created (or “mined”) at predetermined and gradually decreasing rates, with a total limit of 21 million issuable coins. The rate of increase in available Bitcoins is not keeping pace with the number of people keen to buy them, so the price of a Bitcoin keeps increasing. Because its price increases, both its “miners,” whose computers do complex calculations to earn the currency, and those who buy Bitcoins from others feel reluctant to use them as currency by spending them. Instead, they sit on their coins while they wait for the price to rise further. With Bitcoin supply constrained and increasingly falling short of demand, instead of functioning as a currency, Bitcoin is a speculative empty asset.</strong></span></p></blockquote><p></p>
[QUOTE="your_love, post: 22674232, member: 398316"] [SIZE="4"]meka kiyopan[/SIZE] [SIZE="3"][B]Bitcoins are created (or “mined”) at predetermined and gradually decreasing rates, with a total limit of 21 million issuable coins. The rate of increase in available Bitcoins is not keeping pace with the number of people keen to buy them, so the price of a Bitcoin keeps increasing. Because its price increases, both its “miners,” whose computers do complex calculations to earn the currency, and those who buy Bitcoins from others feel reluctant to use them as currency by spending them. Instead, they sit on their coins while they wait for the price to rise further. With Bitcoin supply constrained and increasingly falling short of demand, instead of functioning as a currency, Bitcoin is a speculative empty asset.[/B][/SIZE] [/QUOTE]
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