01-17-2018, 04:13 PM
(01-17-2018, 12:32 PM)Au165 Wrote: One red flag you should always look at when dealing in crypto is coins that are "preminned" meaning the company can release them freely into the market, that was the case here. Bitcoin and many other coins require people to mine the coins in order to control the influx of coins into the market. This decentralized process of creating currency is actually one of the tenets of crypto being a good currency in the future.
If there is nothing backing the currency why does it matter how many there are?
And I thought there was supposed to be a limit to the number of bitcoins that couled be mined.
