Quote from: cutesgirl on November 30, 2019, 04:11:59 PM

Quote from: yarlungzangbo on November 27, 2019, 06:07:03 AM

From the America history we can know that America was a Deflation economic system in few years. At that time USD was maintain and the prices was keeping a low average. This why we need a 'something standard' monetary system but not a credit credentials paper.

You can imaging that if some 'third world countries' become a 'Bitcoin standard' monetary system , and show the Bitcoin savings address, what will happen?

Bitcoin will not be issues over the maximum supply ,and nobody can make a 'fake bitcoin'. These country need to save x bitcoin to issue their monet, they will have a healty economics system, the other countries will happy to keep their money and want to trade will them.
People won't be afraid of inflation , and the prices will not go high in a long cycle times.

- credible
- transparency
- No money 'printing'
- low-level of prices

Almost all of money currency in the country will have inflation value although cash money of USD, how ever most developed countries like United State their cash money keep lower price after several years later, but many people do not trust with how lower increase of USD after several years later and keep use USD as currency payment and investment assets.

People are always shortsighted