Post
Topic
Board Economics
Re: Bitcoin Japanese exchanges increasing
by
Faiyz
on 12/05/2017, 08:25:45 UTC
Inflation is really a mechanism for the growth of exports. The higher the inflation, the cheaper the cost of production in the country. This of course happens at the expense of people, but it is a fact. Remember what was established by the Chinese economic miracle? The governments of many countries have used the mechanism of inflation to fight with the competitors on the world market.
Hahaha you must be gossiping how come the production cost could be cheaper? When the raw material and the workforce needed are at a high rate how can one claim that the production cost will be cheap? As many of us are well aware of the market no one will believe what you have said. Or if you have any document evidence I will appreciate it

You seem to have misunderstood something here

Obviously, the poster you replied to refers to costs when compared to the costs which production of the same goods incurs in other countries (more specifically, in the countries where these goods are exported). If you take this aspect into account, then the claim is totally legit. Devaluation of local currency makes locally produced goods cheaper in terms of currency for which these goods are sold since the costs such as wages are still born and paid in local currency, i.e. they remain the same. But if they remain the same, then depreciating local currency necessarily makes the exported gods cheaper in the currency of the importing country (provided all other things are equal and remain the same, of course)

Japan is a rich country so multimillion investment is a not really a tough problem. And i dont see any tax problems if even they would adopt it because its the country that integrated it. And probably btc would again be famous and still another big problem on those transaction delays and i think there are other blockchains that is being created now if i recall?