Why aren't the governments of the world seeing the greater money problem that bitcoin, and not even their CBDC, can solve? Can they at least think about allowing bitcoin to coexist with their money? I'm not asking them to abandon their fiat. Can they stop hindering Bitcoin's development and begin exploring its possibilities? It hurts that they are aware of the potential of bitcoin and have decided to ignore it. The issue of inflation, which destabilizes the world, can be resolved by Bitcoin. Additional money can be printed, but more bitcoins cannot be created. Inflation occurs when there is more money in circulation than is required. This can never happen with bitcoin.
- Inflation occurs when the money supply of a country grows more rapidly than the economic output of a country.
- The Federal Reserve changes the money supply by buying short-term securities from banks, injecting capital into the economy.
- The quantity theory believes that the value of money, and the resulting inflation, is caused by the supply and demand of the currency.
Quote sourcehttps://www.investopedia.com/ask/answers/042015/how-does-money-supply-affect-inflation.asp
When will they learn that bitcoin may be helpful? What are they waiting for?
I think the answer is quite easy on this matter. What needs to be understood is that this is about a centralized system vs a decentralized system. it may be about the interests of an individual/group/country. and about a controllable and an uncontrollable system. But at least I believe that slowly the adoption of bitcoin will continue to be carried out by more countries. due to the fact that the current generation and the next will support a decentralized system more. But for me there is no problem with the existing system. I just want the government to be run honestly and there is no more corruption. or it means I expect a system that makes government more open to the public. An open system will make it difficult for officials to commit corruption.