Quote from: Silberman on December 15, 2019, 06:18:46 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 . 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
x low-interest rate

quote: America was a Deflation economic system in about 150years till 1913, and it was the most fast period of enconomy rising in human history.

The moment you see any government trying to officially adopt bitcoin you can be sure that they are going to try to manipulate it to their advantage, we know that politicians all around the world are corrupt and it doesn't matter what tool you give to them they are going to try to find a way to get their way with that tool, just look what happened to gold, one of the best forms of money that we have available was corrupted to the point that governments could create mistrust in it and they could introduce their fiat currencies with impunity.

This is of the reason why adoption from from government institution is slow. The government did not know how to control a decentralized blockchain for their own used and advantage. But once the government lays the ground for cryptocurrency, its easy for private institutions to follow suit since it becomes legal.