So I’ve been researching a lot about Bitcoin for an ethics paper and I feel like I understand the concept of it for the most part, and why it’s revolutionary. But I just don’t understand where bitcoins came from in the first place and why they aren’t all just out there in the first place and why people “mine” them to receive them other than buying them. Can’t they just be circulated without more having to be found ?
I don’t really know how they’ve come to hold so much value and how most governments accept this going on rather than people using their government’s money currencies instead
Don’t get me wrong I think the idea of Bitcoin is great and it’s made me think about how insane it is that the government has so much power over currency, and how they have the power to increase and decrease the value of money just by printing more. If anyone could help me understand I’d really appreciate it.
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