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The Water Cooler
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Interesting new money
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<blockquote data-quote="ripnbst" data-source="post: 1509295" data-attributes="member: 16136"><p>I know nothing about electronics or software so I will let those more savvy try it first and see if I hear about anyone getting bitcoin jacked. The line I have quoted makes me curious. So this form of currency is capped at 21 million? There are people who make more money than that in a single year so what if that person decides they want to use this money? I guess I don't understand the cap at 21 million. Do they only have enough bouillon to back that value? Is this form of currency even backed by bullion?</p></blockquote><p></p>
[QUOTE="ripnbst, post: 1509295, member: 16136"] I know nothing about electronics or software so I will let those more savvy try it first and see if I hear about anyone getting bitcoin jacked. The line I have quoted makes me curious. So this form of currency is capped at 21 million? There are people who make more money than that in a single year so what if that person decides they want to use this money? I guess I don't understand the cap at 21 million. Do they only have enough bouillon to back that value? Is this form of currency even backed by bullion? [/QUOTE]
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