Quote:
Originally Posted by Beastagoog
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bitcoin will crash like all currencies that get over inflated do, and all the in the knows will cash out and leave all the moms and dads get caught with their 1,000's$ invested -- such is the way with all these sorts of hysteria based investments. Much like banks printing money to loan to people to buy homes to earn the interest off incomes of the person paying the mortage off, who's to say that inventor/group that started bitcoin wont just print more bitcoins?
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You can't just print more bitcoins...... There is a maximum of 21 million BTC (about 16 million BTC have been mined so far). This is one of the reasons people like it as a currency.
But governments will probably never allow it survive as anything more than a ad-hoc currency for making digital transactions.