Quote from: EtherSpin on February 09, 2018, 06:09:39 AM

Quote from: PatronRH on February 07, 2018, 06:18:12 AM

Im conducting a school research about economy and I chose to talk about bitcoin. The subject is how does bitcoin affect the world's economy? does it do well to it because it stops inflation as the amount of it is limited? or does it harm it ?

High inflation can be bad, as shown in places in India and Zimbabwe. However, controlled inflation can be good for a growing economy. Bitcoin has properties similar to gold - scarcity.

The problem with controlled inflation has to do with the fact politicians sell that as a way to create a controlled economy but they never have inflation under control because they keep printing money and pumping it in the economy and when they cannot collect enough taxes to keep the government running they print money as well this creates uncontrolled inflation that after some time kills the economy.