Quote from: jossiel on Today at 08:05:20 AM

you're seem to be visioning quite big thing on this one. I'm only thinking how it can be done by commoners like me and you and there have been greater explanations about it from Hal and tcb.

It's really a big vision for Bitcoin to link it with economic growth. But if Bitcoin becomes generally adopted and is made legal tender in all of the country, its value cannot remain what it is now, so the higher the demand with limited supply, the higher the value.

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$1,000 in 1940 has the same purchasing power as $21,488.57 today. Over the 83 years this is a change of $20,488.57.

The average inflation rate of the dollar between 1940 and 2023 was 2.40% per year. The cumulative price increase of the dollar over this time was 2,048.86%.

Back in the 1940s, the purchasing power of dollars was really high, but with steady inflation, the value of the purchasing power of $1000 is now $21,4800, which is just a mess for a bank note.

If Bitcoin becomes a global currency, then what we should expect is deflation on Bitcoin, which can make credit creation more easier and would not affect the economic growth.

https://tools.carboncollective.co/inflation/us/1940/1000/