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> Perhaps the most compelling argument for bitcoin is the completely apolitical and predictable monetary policy it operates within. Bitcoin cannot be used for q
by smacktoward 8y ago
> Perhaps the most compelling argument for bitcoin is the completely apolitical and predictable monetary policy it operates within. Bitcoin cannot be used for quantitative easing, for example. You can’t just print more of it when the whim takes you.
Bitcoin eliminates the possibility of inflation by replacing it with a guarantee of deflation. Deflation comes with its own sets of economic and political problems, some of which can be just as thorny as the ones that come with inflation.
There is a school of thought that holds that inflation is so bad that its opposite must inherently be good. How much Bitcoin appeals to you will depend a lot on how close this aligns with your own thinking.
- LyndsySimon 8y agoAs a long-time proponent of Bitcoin and other cryptocurrencies, I agree. Bitcoin is and was intended as a political tool. It may yet transcend that use, but it’s yet to be seen if that will be the case.