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Again: cryptocurrencies have built in anti-inflation mechanism: you can have just these many bitcoins. You can't inflate out your debt using printing press. Ver
by byEngineer 12y ago
Again: cryptocurrencies have built in anti-inflation mechanism: you can have just these many bitcoins. You can't inflate out your debt using printing press. Very good feature for a creditor nation, like China. Very bad for debtor nation like the US. Ie The USD monetary base at least doubled since 2008. To deal with the debt. Impossible to do with bitcoins. Or gold for that matter.