Re:World Bank rejects El Salvador request for Bitcoin help
by ephbit on Wednesday June 23, 2021 @11:37AM
(#27605750)
Let's say we had a situation where everything was backed by bitcoin (as a reserve currency).
Governmental budgets are one of the most obvious ways in which political decisions manifest themselves and become relevant for everyday life.
Do I get this right? You think that governmental budgets would look absolutely no different in such a bitcoinized world compared to how they look in the current centralbank issued money world?
You don't think the fact that central banks mostly support governmental debt shapes these budgets in a non trivial way?
Governmental budgets are one of the most obvious ways in which political decisions manifest themselves and become relevant for everyday life.
Do I get this right? You think that governmental budgets would look absolutely no different in such a bitcoinized world compared to how they look in the current centralbank issued money world?
You don't think the fact that central banks mostly support governmental debt shapes these budgets in a non trivial way?