3 ms·
That's a shortsighted approach, in my opinion. The same pattern is observed in inflation: long-term, money printing has zero benefits. Why central banks do it a
by rafaelero 5y ago
That's a shortsighted approach, in my opinion. The same pattern is observed in inflation: long-term, money printing has zero benefits. Why central banks do it anyway? Because there's a first mover advantage. Also, history has already showed us that, when given the opportunity, miners are in favor of larger rewards.
- sudosysgen 5y agoNo, money printing has a serious advantage. It incentivize investment while taxing people who hold their money unproductively.
- rafaelero 5y agoYes, it incentivizes investing in better store of value like bitcoin (or gold, or Apple stocks).
- sudosysgen 5y agoApple is only protected from inflation insofar as it makes real investments. Bitcoin is not a very good and significant store of value.