Some coins have a limited supply, some don't and are minted when mined/etc. It depends on the coin. I love how people who have no understanding of crypto feel the need to flaunt their naivety on this subject.
Yeah dude you don't know anything about what you're talking about.
Proof of work cryptos are backed up on the blockchain using electricty. Its not neccesarily what gives them value. What you can do with the cryptocurrency is what largely gives it value.
Some coins have a limited supply, some don't and are minted when mined/etc. It depends on the coin. I love how people who have no understanding of crypto feel the need to flaunt their naivety on this subject.
I know what I'm talking about. They come from thin air. And as someone pointed out below, electricity.
Yeah dude you don't know anything about what you're talking about.
Proof of work cryptos are backed up on the blockchain using electricty. Its not neccesarily what gives them value. What you can do with the cryptocurrency is what largely gives it value.
Oh jeez, and I thought I actually did know something. That's for straightening that out for me.