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The US Dollar money supply increased 500% in 5 years ($800b in 2008 to $3.6 Trillion in 2013) [Monetary base]. That is a lot of "money printing" (including dig
by HashThis 7y ago
The US Dollar money supply increased 500% in 5 years ($800b in 2008 to $3.6 Trillion in 2013) [Monetary base]. That is a lot of "money printing" (including digitally expanding the money supply).
There will come a time when the fact that Bitcoin won't EVER "print money" or expand the money supply is a HUGE value.
You say the currency supply "fluctuates". In the future, with 500% increases in US Dollar, the US Dollar can greatly drop in value. Over time, the fact that people know bitcoin can't expand the money supply is VERY VERY powerful.
- tromp 7y ago> There will come a time when the fact that Bitcoin won't EVER "print money" or expand the money supply is a HUGE value. The huge value is simply in Bitcoin being disinflationary. That is, yearly inflation converging to 0. Whether it's 0% or 0.01% or 0.1% doesn't matter that much. What matters is that, unlike fiat, it goes down predictably.