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Author Topic: So how do ALT currencies help bitcoin?  (Read 477 times)
oreoeater
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January 28, 2014, 04:26:00 PM
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So it is my understanding that bitcoin is inflation proof, meaning there is a set supply and no more. But with the unlimited possibility of alt coins that can be mined does this help the stability of bitcoin or does it negate the effects of the inflation proof digital currency?
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DannyHamilton
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January 28, 2014, 04:45:22 PM
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So it is my understanding that bitcoin is inflation proof, meaning there is a set supply and no more. But with the unlimited possibility of alt coins that can be mined does this help the stability of bitcoin or does it negate the effects of the inflation proof digital currency?

There are also unlimited possibility of fiat currencies.

Why should unlimited alternative crypto-currencies have any different effect on the stability of the bitcoin exchange rate than unlimited alternative fiat currencies have?

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January 28, 2014, 04:51:55 PM
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So it is my understanding that bitcoin is inflation proof, meaning there is a set supply and no more. But with the unlimited possibility of alt coins that can be mined does this help the stability of bitcoin or does it negate the effects of the inflation proof digital currency?

There are also unlimited possibility of fiat currencies.

Why should unlimited alternative crypto-currencies have any different effect on the stability of the bitcoin exchange rate than unlimited alternative fiat currencies have?

Because HOUNDREADS of virtual currencies can be traded with bitcoin. Other crypto currencies can surely have an effect in bitcoin but in my opinion not negative.

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