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Layman here, can someone answer these questions?
1. Why do we need to mine crypto currencies? Why can't create let's say 2^64 ccoins and act as an exchange? People can buy from him and the price will adjust itself.
2. Why don't corporations push for crypto currencies? They just love a walled garden, why not have an AppleCoin, GoogleCoin, AmazonCoin? I imagine there is a plethora of tax optimization there too.
+1 How one can create a new coin?
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>1
concentrating the currency with one person is a retarded idea that no one would use, mining only costs your computation power and many users can obtain it that way without using actual currency
>2
crypto currency has the value of which people assign it
if it is like standard crypto-currencies where you mine it then that would be retarded
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>>55274049
why is it retarded? What is an exchange if not a particular client with a hefty supply?
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>>55274171
You are expending computational power to get actual goods from a currency whose inherit value is that which is assigned to it
There is no need to do so anyway considering online services such as those provide legal goods
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