Post
Topic
Board Economics
Re: Blockchain will help Economy.
by
BartS
on 16/08/2018, 17:32:12 UTC
How exactly is Bitcoin going to help the economy of any country, this is one thing I still don’t understand when people bring up this topic. If Bitcoin is going to help any country’s economy, it can only just make little impacts and nothing much.

If we want our economy to be good then we have the hard work to do and not just invest in Bitcoin and believing that it is going to change our economy and make it better, that’s no good point at all.
The biggest help that bitcoin is going to bring to the economy is the usage of money with a hard limit and with a rate of inflation known in advance, if bitcoin really becomes adopted the economy of that country or even the world will get very strong, this is why the gold standard was so successful the investors knew the exchange rates of every single currency of the world which allowed them to foresee the cost in any part of the world, something impossible to do now, and bitcoin has an even greater advantage since its quantity is limited while we do not know how much gold is still in the surface of the earth especially in the deep ocean.