Post
Topic
Board Bitcoin Discussion
Re: Do you think Bitcoin has matter property?
by
Ucy
on 22/07/2021, 09:57:22 UTC
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In our existing business system and the Internet, the currency we use is also in the form of information, which is recorded in the bank's ledger system. For the currency information of different bank books, most of them are centrally controlled by the government. The government can continuously issue currency through the central bank. Currency issuance is purely digital issuance without any new value creation. The value created by people is diluted by currency oversupply. This is the basic contradiction of current human society.

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It actually seems contradictory or it violates the "law of nature". It's one of the main reasons we have inflations. People work hard to produce things while someone is secretly/publicly printing lots of money out of thin air to buy up the products and with no intention of replacing them, and then things start increasing in price even beyond the reach of those who produce those things. Hard money like bitcoin solves this problem by limiting coin supply and preventing double spending