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Comment by NikolaTesla

If mining additional Bitcoins at present is not economically viable than Bitcoins are not (currently) a fiat currency. The cost for the fed to increase the money supply is $0, the cost to produce a Bitcoin is equal to the cost of the hardware and electricity to produce it. I'm not sure if the definition would change once the maximum limit of Bitcoins is reached.
parent NikolaTesla 13 years ago

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