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The bigger problem is constrained liquidity and deflation aren’t helpful attributes for a currency
by birdyrooster 4y ago
The bigger problem is constrained liquidity and deflation aren’t helpful attributes for a currency
- throwawaymaths 4y agoYou say that as if there is a central bank of El Salvador that is able to print a native currency as a macroeconomic lever.
- birdyrooster 4y agoSure they can print money and buy more BTC, but at a cost. At some point that cost leads to economic failures.
- throwawaymaths 4y agoYou understand the currency of El Salvador is the us dollar? If they are printing money I'd love to know how.
- birdyrooster 4y agoYou keep talking about El Salvador but I am talking about the general problem with using deflationary currencies, especially when you cannot buy enough of the currency as a nation to compete with the rest of the world. Besides printing currency, nations can raise BTC by many other finite means.