On Mon, May 5, 2014 at 4:48 AM, LizR <lizj...@gmail.com> wrote: > On 5 May 2014 13:57, meekerdb <meeke...@verizon.net> 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 everything-list+unsubscr...@googlegroups.com. > To post to this group, send email to everything-list@googlegroups.com. > 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 everything-list+unsubscr...@googlegroups.com. To post to this group, send email to everything-list@googlegroups.com. Visit this group at http://groups.google.com/group/everything-list. For more options, visit https://groups.google.com/d/optout.
