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Because BTC can't be created out of thin air limitlessly, I'd say it's much more "stable" in that regard. The chart below shows how out of control the money sup
by jason0597 6y ago
Because BTC can't be created out of thin air limitlessly, I'd say it's much more "stable" in that regard.
The chart below shows how out of control the money supply has gotten in 2020. It's inevitable before this mass printing of money translates to big inflation in the economy.
https://fred.stlouisfed.org/series/M1 https://fred.stlouisfed.org/series/M1
- netrus 6y agoThe amount of products I can buy for 1 USD was far more stable over the last year then the amount of products I get for one BTC. That's the kind of stability I am looking for in a currency as a consumer.
- hehehaha 6y agoThat’s not a good reason. BTC is deflationary which is to say it’s exactly the opposite of what you want in a currency.
- solarkraft 6y agoIt's the opposite of what a government wants in a currency. It's something a lot of people want for a secure store of wealth.
- deleted 6y ago[deleted]