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No there is a hard limit of 21m Bitcoins. You can't just "print more". Yes it's possible to trade "paper bitcoins" but if you don't own the underlying asset yo
by amjnsx 3y ago
No there is a hard limit of 21m Bitcoins. You can't just "print more".
Yes it's possible to trade "paper bitcoins" but if you don't own the underlying asset you are always at risk of being found out and not being able to cover the amount.
- OsrsNeedsf2P 3y agoSo the only difference between Bitcoin and stocks in 2024 is that stocks are backed by an actual underlying company. Nice.
- herbst 3y agoCan you use stocks to trade with others worldwide in realtime with a super low fee and full control over the payment process? Bitcoin still is a lot more than just that
- soVeryTired 3y agoTraditionally you just use money to do that.
- herbst 3y agoYou don't. It's illegal to travel with more than $X over boarder Y. Embargos and different banking systems and culture make 'bank transfers' inaccessible to a majority of people in this world. The only alternatives are western union and other private companies with 10+% fees or hidden private banking networks like 'Hawala'.
- npoc 3y agoNope. Bitcoin is the thing that does the backing. Stocks are just a weak entitlement (not ownership) to some property that will ultimately be significantly "backed" by the bitcoin on its balance sheet
- genge 3y agoThe difference is that the US can back one by printing more money, and they can't print more bitcoin.