Yes, the supply of bitcoin is limited.
So it this the reason for the large increase in the value of Bitcoin in the last 12 months or so, as they become harder to mine the existing ones become more valuable and with there being a limit number in existence and they become more in more value also due to the transactions they are used for?About 16.7 million of the eventual 21 million have been mined. The rate of mining halves every 4 years so it'll be another 100 years before all are mined.
The Mona Lisa is money.
No it's not. It's a tangible asset. Of course it has value but you can't take the Mona Lisa under your arm and exchange it for a donut.
Well aside from the obvious difficulties in obtaining the Mona Lisa in first instance, actually you could exchange it for a donut.
I'm pretty sure any of them would make an exception for the Mona Lisa!!Please show me a donut shop that does barter.
I'm pretty sure any of them would make an exception for the Mona Lisa!!
But do you really want to be known as the person that exchanged the mona lisa for a donut?
In 5 years time you could get 100 donuts for it!
But then do what with it? It has no resale value!
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