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Dec 17, 2009 at 8:39 comment added Jonathan Wise David: this is an inductive limit of rings, not of schemes.
Dec 17, 2009 at 2:29 comment added David E Speyer But inductive limits of schemes aren't always schemes. Consider any formal scheme which isn't algebrizable.
Dec 17, 2009 at 0:40 history answered Mikhail Bondarko CC BY-SA 2.5