Bitcoin mining is based on a reward system for computing/puzzle solving algorithmic ledger information block-chains based on computer processing power. (I’m oversimplifying this down a lot)
Basically at this point it takes a long time for a single computer or multiple ones to generate a single Bitcoin that is encrypted because the rewards are becoming scarce now.
That’s sort of why its said to be digital gold because it is impossible to flood the market with new bit coins. There is also a finite amount of Bitcoins that can be rewarded. After they are all mined out the entire market wont have anymore room without some new kind of computer I think.
—” There is also a finite amount of Bitcoins that can be rewarded. “
How does that work with an unlimited number of Cryptocurrencies’?
Gresham’s law, “bad money drives out good”, will kill the lot of them off.
The Turkish bitcoin exchange worked out so well?