Quote:
Originally Posted by Krovikan
Each government has a defined plan for printing money, and this largely affects the stability of the currency. Just like each cryptocurrency has their rules, and in turn the stability of the coin is affected by that plan.
Unlike FIAT currency, some coins build in specific rule changing events like Bitcoin.
Canada for example prints 2x it's GDP every 5 years and destroys 90% of what they print every year in old bills.
So no governments that want stable currencies don't just print money.
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That is Canada, one of the worlds most responsible governments...still nothing is set in stone
Remember BTC is a worldwide currency...rules need/needed to be set in stone. Talk to someone from the Philippines or Macedonia, try paying people in these places.
Bitcoin may not be useful for some of you but as a tech business owner with global clients and employees Bitcoin has an everyday practical use for me.