Cryptocurrencies: 2426 / Markets: 20211 Market Cap: 24h Vol:
2019-07-21 08:01:34

BTC developer justifies Bitcoin scarcity index amidst criticism

Reports have emerged that a BTC developer has presented defense for the digital currency amidst criticism directed at the Bitcoin scarcity index. There are a multitude of factors that help to shape Bitcoin’s prominence and its value. Of these, the most talked of and controversial one is the ‘scarcity index’. This is a built-in feature of the coin that ensures that at any point, only 21 million Bitcoins are allowed to operate in the market. Bitcoin developers and supporters have been forced to present a defense of the coin over this one feature, which has provided its enemies ample fuel

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