On Mon, May 5, 2014 at 4:48 AM, LizR <[email protected]> wrote: > On 5 May 2014 13:57, meekerdb <[email protected]> wrote: > >> It creates a parallel medium of exchange in which those who make >> bitcoins first hope to profit from their appreciation. >> > > Hm. It all sounds a bit Ponzi-like to me. >
If you go by that definition alone. In reality, mining becomes increasingly harder as we approach the hard limit of 21 million btc. The hard limit is already very non-ponzi-like. Fiat money is the one that doesn't have such a limit, and gives you no assurance about how much is going to be issued. Telmo. > -- > You received this message because you are subscribed to the Google Groups > "Everything List" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected]. > To post to this group, send email to [email protected]. > Visit this group at http://groups.google.com/group/everything-list. > For more options, visit https://groups.google.com/d/optout. > -- You received this message because you are subscribed to the Google Groups "Everything List" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send email to [email protected]. Visit this group at http://groups.google.com/group/everything-list. For more options, visit https://groups.google.com/d/optout.
