You don't seem to understand how fiat currency work. The main flaw is the very fact that it can be created out of thin air by a tiny little minority of (((people))), this cannot be done with tangible assets, digital or physical makes no difference. Which you would understand if you knew the real reason as to why gold has value. It's not just because it's shiny.
No, there could be asteroids made out of solid gold which one day come crashing down in your back yard, or new gold ores could be found anywhere on earth. History has proven tho that the probability of that is low enough to consider gold as a relatively finite supply, with more being added at a predictable rate. There may be chemical processes to generate new gold using other raw materials which we are currently unaware of.
Yes, Bitcoin uses algorithms to decide how much is created for each new block, how much time it takes to mine a block. This is all adjusted over time, and every node check in real time that no one is attempting to cheat. In fact it can all be proven mathematically: https://github.com/bitcoin/bitcoin. The total number of Bitcoin that will ever exist, is 21M, hence a finite supply.
You don't seem to understand how fiat currency work. The main flaw is the very fact that it can be created out of thin air by a tiny little minority of (((people))), this cannot be done with tangible assets, digital or physical makes no difference. Which you would understand if you knew the real reason as to why gold has value. It's not just because it's shiny.
Is there finite gold ?
Is there finite BTC ?
No, there could be asteroids made out of solid gold which one day come crashing down in your back yard, or new gold ores could be found anywhere on earth. History has proven tho that the probability of that is low enough to consider gold as a relatively finite supply, with more being added at a predictable rate. There may be chemical processes to generate new gold using other raw materials which we are currently unaware of.
Yes, Bitcoin uses algorithms to decide how much is created for each new block, how much time it takes to mine a block. This is all adjusted over time, and every node check in real time that no one is attempting to cheat. In fact it can all be proven mathematically: https://github.com/bitcoin/bitcoin. The total number of Bitcoin that will ever exist, is 21M, hence a finite supply.
Games playing games within games that you cannot eat.
Carry-on frog.