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> a hard mining limit. This is what I keep telling people. No government will use BTC because of this.There is a reason the US went off the gold standard, so t
by FollowingTheDao 2y ago
> a hard mining limit.
This is what I keep telling people. No government will use BTC because of this.There is a reason the US went off the gold standard, so they can print create money without causing inflation tied to money supply. Inflation now is not tied to money supply, but to money spending. (ie. if people did not spend money buying things there would be no increase in prices.) In the past, if you printed more money inflation would be immediate since it, in effect, immediately devalues the price of gold.