Quote:
Originally Posted by Fastskiguy
It could be like that....but it could also be like trading currencies. The nice thing about bitcoin as a currency is that the government can't decide to print more. The number of bitcoin is fixed. So like in 2020-21 where they created 1/3rd again as many dollars as we had before...well with bitcoin you can't do that. The problem with creating more dollars is that you just might end up with inflation (oops!).
Now bitcoin has been a lot more volatile than (a lot of) other currencies over the years but it may settle down and become an actual thing. And then you might just wish you had some. Or maybe it'll go to zero, who knows?
And with that I'm off to buy some $4.35/gal gas!
Joe
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The thieves created about 40% more digital dollars in order to steal...Causing inflation which is even greater theft since inflation steals from everyone. A millionaire doesn't care much but a $60k office dweller is demoralized.
John Law would be proud that Central Bank Counterfeit is still going on...and on...and on.