chris2009

I gotta disagree there, looking at lost Bitcoin positively. Sure, fewer coins can lead to higher prices due to scarcity, but it also sucks for those who lose their keys. It's a double-edged sword.

Imagine if most shops started taking Bitcoin for purchases. What happens when the price crashes, and the seller needs to restock? Should the buyer cover any losses if the market tanks after the transaction?

Bitcoin mining is when you use your computer's power to solve tough math problems to verify transactions in the Bitcoin network. Miners get rewarded with new bitcoins and transaction fees. The cool part is that the…

But isn’t part of the problem that people hold back spending because they know things are gonna cost even more? Hyperinflation can freak us out and make saving seem better.