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Old 05-16-2011, 11:10 PM   #49
scaryfastskier
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Quote:
Originally Posted by Star*Child View Post
So I'm not some econ genius, but I don't understand the role of "coin mining rate". Each time a new coin-chunk was computed, it sounded as if it raised the value of the other coins in existence? It seems that it would have gone the other way since there is now more currency? (inflation?)

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I'm not a genius either, so this is probably wrong.

Typical currency: your 1 unit is a percentage of the total economic "pie". If you add some units to the pie, it decreases the percentage of each unit without changing the size of the pie.

Nerd-tender: They are actually increasing the size of the pie while adding currency.
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