Quote:
Originally Posted by nexcom28
So where is the value?
If a packet of data was sold to someone else I could understand it
But
If a packet of data is used to regulate the chain, what gives it value?
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The amount of Bitcoins is limited. There are 10 million coins mined right now. Every 4 years the amount of coins you can mine will be less.
And at the same time there will be millions of people who want to use Bitcoins.
When millions of people want to buy a Bitcoin and there are only 15 million (for example) coins available...the price of 1 coin will be ridiculous!