01-17-2018, 04:27 PM
(01-17-2018, 04:13 PM)fredtoast Wrote: If there is nothing backing the currency why does it matter how many there are?Because it's like stocks in this aspect. Stocks with large out standing shares have serious issues when it comes to the ability for key figures to quickly liquidate shares, or in this case coins.
And I thought there was supposed to be a limit to the number of bitcoins that couled be mined.
There are and they are actually limited to how quickly they can be mined however Bitcoin is only one of the thousands of crypto currency. Many follow similar structures, but some use a "premined" structure that essentially just makes them penny stocks. The premined structure is what Bitconnect and some other's use and that is the red flag I am referencing.
