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.
While we know the fiat system is unsustainable I do not want governments to begin to hoard bitcoin to back their currencies, this will create the same scenario that we have with gold in which governments can buy all the bitcoin they want since they have the printing machine, it is better that bitcoin remains an independent system otherwise the government will just make the same mistakes all over again and we will have to support another cryptocurrency when that happens.