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RE: The future of crypto mining is changing. It would be an interesting ride for investors. Talking about future bright currency(BITCOIN)
To hold its value, cryptocurrency needs to exist in a finite amount
That's not exactly true.
Ethereum, for example, doesn't have a finite amount, nor does Steem.
It's only a question of the economic model used on the design of the coin.
Bitcoin goes for the limited supply model
Ethereum use a model that the amount of coins issues is relative to the difficult of the mining
Steem uses a fixed inflation rate (decreasing, but with a fixed limit).
Wich model is the better? who knows? we are all on undiscovered waters here.
Here the discussion is about the initial stage of crypto mining that needs to exist in a finite amount. It means the system is in initial process and needs to understand and only limited amount can be understood best.
After confirmation the next procedure would be led by initial stage that would be infinite..Got it?
Thanks for sharing your valuable thoughts @phgnomo