RE: Simple economics prove that Bitcoin will fail

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Simple economics prove that Bitcoin will fail

in bitcoin •  7 years ago 

Mining is not selling. Bitcoin is not apples. They have a market cap, and you cant just make new bit coin like apples. There is a limit, and then the money is in the pool and at end goal allows people at home to make money for processing transaction that go on by the million a second. They do respond to real incentives, like how you posting gibberish on a web sight because they said they pay you.

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