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If someone creates a device that has the ability to generate quadrillion coins just within a span of few minutes, what would be the effect of it on banks and organizations?
First of all, the maximum amount that bitcoin will ever reach is 21 million, and a large portion of it has already been generated. So, there's very little left behind. Concerning impact, Bitcoin is not really a huge player in the international economy, so it won't have any widespread effect on banks and organizations.
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