3 ms·
The endless printing is more necessary than the strict stock control fot a currency. You cannot avoid people starving unless you do it, and you cannot live in p
by secondaryacct 5y ago
The endless printing is more necessary than the strict stock control fot a currency. You cannot avoid people starving unless you do it, and you cannot live in peace unless you avoid people starving and getting desperate.
You do know there was no printing in the middle age. Good old days these all were.
- mlcrypto 5y agoI see the world transitioning to a USD central bank digital coin for currency and Bitcoin as the store of value in the future
- verdverm 5y agoThere will likely be many national currencies, the Digital Yuan comes to mind as a major contender. A global currency increase the risk to larger scale domino effect in the economy.
- spiddy 5y agoglobal economy is much like communicating vessels, large scale domino effect is also possible, having a global currency such as bitcoin disconnected from nation events, is no more riskier than without it. see China's Evergrande crisis as an example.
- worik 5y agoWhy? What problems would Bitcoin solve? It can barely keep up with the very few transactions now. Its transaction costs are sky high
- SuoDuanDao 5y ago>You do know there was no printing in the middle age. Good old days these all were. Oh come now, there was plenty of printing in the latter days of Rome or Wiemar Germany and people managed to starve just fine despite it. Inflation correlates with optimistic times because it implies a debt taken on today will be easier to pay off with money earned tomorrow. That doesn't mean printing money reliably makes people optimistic.