Post
Topic
Board Economics
Re: Dollar coming to an end
by
santaClause
on 06/10/2014, 04:34:25 UTC
Dollar is 100% premined, unlimited number of coins, proceeds bomb children overseas, and it funds wars. One guy prints is all, at leasure without restraint, who want to speculate on where this coin is going?


That is true. But the rate at which bitcoin is being mined now (ie inflation) is lesser than the rate at which dollars are being printed now.
Dollars do not require "proof" of anything therefore an unlimited number of them can be printed. Fiat is very different from crypto currencies that have an exact amount of money that can be mined