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Message
re: Bitcoins were hacked yesterday?
Posted on 4/4/13 at 3:51 pm to ZereauxSum
Posted on 4/4/13 at 3:51 pm to ZereauxSum
quote:
But a bitcoin doesn't necessarily have to be scarce or finite
Yes it does. It was programmed so that it is necessarily scarce.
1
Posted on 4/4/13 at 3:58 pm to joshnorris14
quote:
Yes it does. It was programmed so that it is necessarily scarce.
Understood, but it was programmed that way. There is no law of the universe that says a bitcoin has to be scarce.
Gold is scare because of chemistry and the physical conditions needed to produce it. This can't be changed. Code can be.
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