Post
Topic
Board Economics
Re: Bitcoin has no practical use and could be damaging to the economy!
by
mapanlah
on 19/03/2019, 00:50:17 UTC
How can a deflationary model be bad for the economy? People are not getting poorer after every inflation increase every year, so they have more disposable income to spend on the economy. The people who are saying this have no clue or they have not lived in a country like Zimbabwe or Venezuela where hyperinflation nearly destroyed their country and their economy.  Angry

A lot of the people are getting some advantage from a system that are based on inflation, so they want to stop Bitcoin with a deflationary model.   Angry
there are always some traders who feel lucky from a bad situation such as big inflation. but we all must understand that inflation will destroy the economy of a country and its entrepreneurs. especially if the business imports merchandise, this can destroy everything. then bitcoin is there to be able to be a savior of traders by using alternative currencies they can avoid differences in currency values, because the value of bitcoin is everywhere the same.