Bitcoin will be currency, e.g. because it is limited. 😭
Oh dear
Oh dear
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•2Mon
@FairValue Do you need more arguments? It was just an example.
Greetings
Greetings
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@PaulPDE A currency system that tends to be deflationary cannot work.
And a currency that fluctuates strongly in value is also quite critical - the keyword is store of value.
And a currency that fluctuates strongly in value is also quite critical - the keyword is store of value.
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•2Mon
@FairValue That's right. We would rather "trust" in a system that consists of lies and nobody knows how much of this money is floating around (US dollar). Currency has changed over the centuries and will continue to do so. After FIAT comes crypto. What is the argument against it? A currency that has a value, namely its finiteness. And that is precisely why it is natural for it to fluctuate in value, just as a "value" should. What is so good about the US dollar? -> Perhaps the fact that an estimated 27 trillion of them are in circulation, because they retain their value and all that. Or, if you're a bit short of money in the state, ah, we just print more. Or that it's infinite? Unfortunately, I'm no longer convinced. How do you see it? Regards
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•2Mon
@Pauljj 1. the state does not print money, the central bank does that. 2. if a lot of money is printed, tax revenues fall, the state is also affected by inflation and can finance itself less from tax revenues
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2Mon
@Luke_B Wow yes. Central banks. You're right and who does the central bank answer to? And 2: I believe that there is nothing positive about printing money because we are issuing ourselves unnatural means. According to Aristotle, money should arise from nature and not multiply itself or be multiplied by state institutions. Quite simply, if you have no money, you have no money.
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