Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
alexeft
on 23/12/2017, 06:48:36 UTC
Creation of fiat is neccessary because they amount of goods, services, and people are constantly growing. If there was no new fiat, fiat would be deflationary and then nobody would spend it - only hoard it like bitcoins.

hold the phone there Tex.

this sphere is finite.  An economy that has to grow to survive is not sustainable.
At that time the creation of fiat can decrease. It's not like it's hardcoded.

It is hardcoded. Fiat is only issued as a loan. Such massive loans require a growing economy so it becomes possible to pay them out (with more loans of course).

Not to mention the legal system. What exactly happens when everything is a loan?