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1) > Cannot be printed away. Why would any government want this a feature? As far as sovereigns are concerned, this is a bug, not a feature. You and I might or
by lordofgibbons 1y ago
1)
> Cannot be printed away.
Why would any government want this a feature? As far as sovereigns are concerned, this is a bug, not a feature. You and I might or might not agree with it, but no sovereign government would give away its ability to print money.
2) Bitcoin has a public and transparent ledger. Why would any government want the whole world to see their reserve amounts and movements in real time?
- johnny22 1y ago> Why would any government want this a feature? I'm not a sovereign and I don't want this feature either.
- wqaatwt 1y agoOn an selfish/individual level it’s rational to prefer no inflation or even deflation if you have a lot of cash and no debt. For the economy as a whole? Well it leads to a lot less debt amongst other things constant economic depressions (like back in the 1800s)
- ArtTimeInvestor 1y agono sovereign government would give away its ability to print money Germany can print Dollars?
- wqaatwt 1y agoIt can indirect influence the amount of dollars US is printing. e.g. having Euro interest rates at 0% or less would force the FED to lower them to some extent too.
- helsinkiandrew 1y agoHow would a government get the ECB to lower interest rates? They could change spending and taxation to affect its own economy (increase/decrease inflation/growth employment) which can influence the ECB but that and any political pressure would face opposition from other governments, the markets and the ECB itself.
- cwalv 1y ago> Why would any government want this a feature? As an issuer, they wouldn't. But nobody can issue Bitcoin anyway, so that's clearly irrelevant. As a reserve, it would be the same ones who buy gold, for the same reason.