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re: Bitcoins were hacked yesterday?
Posted on 4/4/13 at 4:29 pm to ZereauxSum
Posted on 4/4/13 at 4:29 pm to ZereauxSum
quote:
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.
This is my feeling as well. The brilliant thing about this scheme is the way they've stretched it out over time to recreate that scarcity/virtual gold.
And at least it's giving people jobs at exchanges and what not
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