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Bitcoin does not support monetary policy though. If you read the Wikipedia article on the Gold standard, historians and economists seem to agree that the inflex
by wnkrshm 5y ago
Bitcoin does not support monetary policy though. If you read the Wikipedia article on the Gold standard, historians and economists seem to agree that the inflexibility to increase currency supply to stimulate the economy made the great depression much worse than it could have been without it.
- bwb 5y agoGreat point, I think bitcoin might end up serving a role more like a weird bond. I don't think it will ever serve as a currency with the high fees and lack of usability for 99% of the population.