So how can Bitcoin be finite and "safe from fiat" unless there is a federal department for the preventing feverish autist mining masturbation sessions?
I would not trust a federal created crypto, because for their politics to work their monetary policy has to be inflationary. This means they would create a coin that practically never runs out. Those are worthless.
The volume of Bitcoin increases from puzzle solving passive bitcoin transactions (consumer data).
https://www.ftc.gov/sites/default/files/business/in%20Infographic.jpg
So how can Bitcoin be finite and "safe from fiat" unless there is a federal department for the preventing feverish autist mining masturbation sessions?
Because math. You need to look into the algorithms a bit more to understand.
Cool, the fed runs their own algorithms too and I'm not a fan of their mathemagics either
I would not trust a federal created crypto, because for their politics to work their monetary policy has to be inflationary. This means they would create a coin that practically never runs out. Those are worthless.
Exactly.