Quote from: Cookdata on Today at 12:01:57 AM

Quote from: Cryptock on June 08, 2022, 07:45:00 PM

Quote from: wxa7115 on June 08, 2022, 06:32:19 PM

Correct, and this is not a theory that we are formulating on our own, this is a historical fact, we have seen this scenario many times in which a government for some reason or another begins to increase the money supply to the point inflation goes out of control.

And things get so bad the only way they see for solving the problem is to keep printing money, but this is only a temporary solution as we know that the more money is printed the more inflation grows, and it gets to the point in which no one wants to hold fiat and some even begin to use barter as a way to exchange among them for goods and services.

I think nothing can solve the poverty issue - the countries which have developed have progressed - those which are left behind will remain behind.
In our country there are so many issues - people are tired and sick of inflation. One thing ends and a new issue is standing with open arms. I see not end to poverty.

There is one beauty ( scam I mean) of being a government, you can print as much as more quantity of fiat out of thin air and when you spend them, it continues to depreciate the value of that country and the most interesting about this is that the citizens are very well aware of this but would panic and shout that there is inflation when they already know where the problems emerge, the central banks know that this the main problem of inflation but they will close eyes and put the blames over small factors that contribute to inflation.
Increasing a supply of currency wouldn't do it good in the long term, only when it is deflationary that is why Satoshi made Bitcoin with a simple supply system that will never cross above 21m.

with the classic problem, which continuously prints money indefinitely from time to time, it makes its value decrease and results in inevitable inflation. and the emergence of bitcoin actually provides an answer to the unlimited supply, but the problem is that the government is the ruler, on the pretext that because it is decentralized, the government has not been able to legalize it. but in the future no one knows that developments will corner fiat currency to use