Hello moderators i would like to report someone caught copypasting in his own thread which is against the rules please do what is right for him thank you
Bitcointalk profile:
https://bitcointalk.org/index.php?action=profile;u=1096474Proofs:
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You really don't get it do you?
A person wants to invest 100 USD of real money in cryptocurrencies. If there was only one crypto - Bitcoin - with a limited supply, then over time you can argue price will go up as long as that person really want to by crypto for his USD. But when you then have more and more cryptocurrencies, some of the people will choose to put their 100USD in competing cryptos. And this means in reality that the supply of crypto currency is growing exponentially and without limits
No matter the forks bitcoin is limited to 21millions and that can't be changed. Every other coin that come out as a product of fork has nothing to do with bitcoin, except a part of the name but basicly these are just altcoins that don't affect the bitcoin supply. And once when the limit of mined bitcoins is achieved the price will have the huge pump.
You really don't get it do you?
A person wants to invest 100 USD of real money in cryptocurrencies. If there was only one crypto - Bitcoin - with a limited supply, then over time you can argue price will go up as long as that person really want to by crypto for his USD. But when you then have more and more cryptocurrencies, some of the people will choose to put their 100USD in competing cryptos. And this means in reality that the supply of crypto currency is growing exponentially and without limits
I think you do not understand how it works. Hardfork does not alter the maximum supply of bitcoin, it just creates an altcoin based on the current blockchain. But bitcoin will still have 21M maximum supply. If ever the hardforked coin survives, it is just an altcoin and will compete with bitcoin on the market.
I think original poster resisted on fact that no matter how good/bad hardfork is, original Bitcoin users are going to receive it's token so..
You really don't get it do you?
A person wants to invest 100 USD of real money in cryptocurrencies. If there was only one crypto - Bitcoin - with a limited supply, then over time you can argue price will go up as long as that person really want to by crypto for his USD. But when you then have more and more cryptocurrencies, some of the people will choose to put their 100USD in competing cryptos. And this means in reality that the supply of crypto currency is growing exponentially and without limits