Why you ought to be grateful: The flexibility to carry your personal cash is a part of the worth proposition of most cryptocurrencies. From the attitude of the Bitcoin system, one of many worth propositions is that there’s a finite, provably scarce variety of bitcoin. If exchanges had been discovered to be circulating an quantity in extra of the variety of bitcoin issued (i.e., they’re promoting paper, faux bitcoins moderately than actual bitcoins) we might: a) out some bad-faith actors within the house and b) see some loopy value motion because the demand for “actual, precise” bitcoin spikes dramatically.
