Monday, October 16, 2017 7:22:24 PM
But it is based on the effort required to make one, the more bitcoins created, the more difficult it becomes to create one.
So bitcoins created in the past were cheaper to create than bitcoins created today.
To mine a bitcoin today takes a lot of time, hardware, computing power and electricity.
An investment is made now, which is rewarded in the future as the value goes up.
Also computers become more powerful as time goes on, but the difficulty to mine is also raised.
It's actually a brilliant system.
In the case of Klickzie however, it does not exist, so therefore, any investment in it's virtual currency is based on the belief that it will exist. And when it does it exist it will become increasingly valuable.
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