Can someone explain how other people constantly creating new Cryptocurrencies is any different than the federal reserve just printing more money?

We all know that there are only 21 million bitcoins. (I've been holding for a few years now) but there are far more than 21 million crypto coins and it just keeps growing with these new coins being introduced. Can other people or govt, in their fight against bitcoin, just continuously create other cryptos to keep the brice of bitcoin down? Just a thought. How is creating new fiat any different than creating new crypto?

submitted by /u/randallfromnb
[link] [comments]

Leave a Reply

Your email address will not be published. Required fields are marked *