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puddintaine2 1y ago

I didn’t think anyone would dare to actually address my point. FYI: I think Bitcoin is great and it could very well be pivotal to stopping this march to dystopia… but I just had to see who here (on nostr) had the courage & intellectual integrity to admit that it’s money created out of nowhere. And poof with a keystroke… wallah! There is twice as much money (oops I mean Bitcoin) in circulation.

nostr:note1d3dms8793hkxxd3t46q88mflnz0jrcuxqzfc6c2e0ps0mzakax8sr5fy0k

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₿ramanga⚡☦ 1y ago

It's not 'money out of nowhere'. It required energy (electricity), capital (hardware), and work (effort) to create. This the importance of proof of work. Name a fiat currency that is 'mined'. The halving just cuts the mining reward in half in order to de-incentivise miners from flooding the market to further ensure it stays deflationary (aka: number-go-up-technology).

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puddintaine2 1y ago

The same basic & similar claims can be made for printed fiat money. Try again.