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Title: 2013-07-16 Bitcoin, Peso and Interstellar Kredits Post by: zakoliverz on July 18, 2013, 09:53:16 AM http://goldnews.bullionvault.com/bitcoin-peso-071820133
It's not a very difficult concept. Shrinking the supply of currency helps support its value. You sell something (typically a government bond, but perhaps a virtual spaceship), take the money received in payment, and effectively make it disappear. It is like "unprinting money". |