Post
Topic
Board India
Re: Bitcoin on the rise, but may not get too far
by
iram3130
on 03/07/2017, 14:44:32 UTC

Clearly Shahid Mehmmod dosent have knowledge about what the bitcoin is.
1. Bitcoin has limited supply, after which mining stops.
2. Bitcoin can be divided into infinitely small numbers. Regarding bitcoin being distributed unevenly, you can look at INR and $ too 1 % of Population holds 50 % of the money. And Money makes money.
3. Regd virus clearing out everyones bitcoins... thats almost laughable. Rem bitcoins are not located at one particular location , infact they are distributed across several nodes. And that is precisely why its better than fiat.

It's funny that anyone without knowledge can write article now days.

The sad thing is that even editors and publishers don't have enough technical knowledge about any cryptocurrencies. Lots of misunderstandings about bitcoins and unnecessary negativity. Hopefully one day people understand.