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Bitcoin: Virtual money created by CPU cycles

Bitcoin: Virtual money created by CPU cycles

Posted Nov 11, 2010 11:06 UTC (Thu) by spaetz (subscriber, #32870)
Parent article: Bitcoin: Virtual money created by CPU cycles

While certainly open to criticism, most people seem to focus on the creation aspect (which is simply a way to bootstrap all 21m coins). I would expect that most people don't "make" their own bitcoins but rather by them on the currency exchanges, the same way that people don't mint the coins they spend via paypal now.


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