You are reading a single comment by @deleted and its replies.
Click here to read the full conversation.
London Fixed Gear and Single-Speed is a community of predominantly fixed gear and single-speed cyclists in and around London, UK.
This site is supported almost exclusively by donations. Please consider donating a small amount regularly.
@deleted
Good spot.
The debates around benefits/need for inflation of a money supply to encourage liquidity are ongoing and Bitcoin is effected more than others in that it can easily be destroyed by magnetic fields unlike gold and is irreversible unlike paper.
so in 2140 when all 21 million bitcoins are mined there will be less than that in circulation.
But I hope economic systems have improved on our current capitalist model by then.
He does a great job of explaining the technological basis & philosophy of Crypto-currencies (which I hope this thread will be renamed)