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When (if) speculation settles down, even if the governments know who owns bitcoins, they won't be able to "print" more of it and that's a big advantage over any
by maaaaattttt 5y ago
When (if) speculation settles down, even if the governments know who owns bitcoins, they won't be able to "print" more of it and that's a big advantage over any other fiat currency.
- soco 5y agoCan somebody please explain me what is the big deal for me if the government cannot print more currency? I remember old readings saying that inflation was a useful tool - is this not an argument anymore?
- maaaaattttt 5y agoInflation ultimately means that the money that you own now could buy you way less than it used to or that it will buy you products of a lesser quality than it used to. And I think that we are very much seeing the effects of that. I would not be able to afford as much as I can today if I were only able to buy goods produced in my region (EU). We live under the impression that everything is fine because the decrease in purchasing power has been hidden by the fact that we buy mostly from goods produced very cheaply in the East.