Post
Topic
Board Economics
Re: bitcoin in developing countries
by
carlisle1
on 29/04/2018, 14:40:59 UTC
Firstly, the only thing that has always been causing inflation is the manipulated and monopolized Fiat system.

Secondly, bitcoin is a deflationary currency. So, I leave you to do the maths!
Quick mafs right Wink? True that the current Bitcoin system is deflationary but that doesn't mean it can't disrupt an economy. If enough of the economies money (% wise) goes into Bitcoin, you can be sure the economy will suffer, unless they begin to accept Bitcoin as a national tender. We don't want the whole world to use Bitcoin, not at least simultaneously that would cause a world wide economic collapse, instead you want the change to Bitcoin to be gradual and for it to be over a long period of time say 25-100 years.

I would think even poorest country's economies are much larger than a total crypto marketcap. And most developing countries would swallow it without noticing Smiley
do you think so?last december 2017 we reached morethan 750$ billion and you think this is smaller than a smallest countries economy?if that so now tell me where are we heading?if after 8 years of existence yet we cant even break the economy of the smallest country in the world