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Which Money Is Crazier: The U.S. Dollar or Bitcoin?

Money For the Rest of Us

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Cryptocurrency - What Is a Hard Fork?

A hard fork is where there's an adjustment to the rules, and it's significant enough that in impacts the currency. In this case, gold no longer became interchangeable with the dollar because it was nt convertible any more. The fixed rate of the dollar went from 20 point six seven dollars per ounce gold to 35 dollars per ounce,. So those are how dollars are created. Bit coin is created automatically as part of the bit coin protocol. These forks occur because some miners want to change the rules. And if the rules are changed, enough miners follow and start verifying transactions with the new coin, then potentially new bit coin can be created.

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