Post
Topic
Board Economics
Re: If the government supports bitcoin instead of the existing currency.
by
peter0425
on 30/08/2019, 03:35:39 UTC
Neither bitcoin nor paper money has any real value, but notes have national credit support, and what if bitcoin also gets national credit?
Positivity is indeed but let’s not forget the anonymity crypto has implementing I think this will be the issue Incase
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The government will lose its macro-control policy but it can also effectively eliminate inflation, two relative ratios. Is that a good result?
Inflation makes the country behind everything so if this can eliminate inflation problem then we don’t be needed macro control(that’s why I guess )
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Of course, I know that the government is very unlikely to support bitcoin, but who knows?
Remember that there are already governments that supports bitcoin some possibility is always there though it will surely take some time to happen