Re:Bitcoin consumed 134 TWh in total during 2021
by xiphias2 on Sunday January 02, 2022 @03:11PM
(#29773243)
Can you tell me a period of time from history when governments were removing money from the system (spending less than they were raising taxes and paying back their bonds without creating more debt)? It never happens. What governments are doing is unsustainable, people are not happy with the trillions of dollars they are printing and buying up scarce assets (which are the most imporant things for people…good luck living in an email inbox for free).
Re:Bitcoin consumed 134 TWh in total during 2021
by landemva on Sunday January 02, 2022 @03:25PM
(#29773418)
If by inflation you mean the rise in general prices, or the destruction of the purchasing power of the monetary unit, then the track record is that btc will continue to be deflationary in that your purchasing power will be increased. If you don't like increased purchasing power, there are alternatives such as holding most any government issued monetary unit.
Also, if two economic zones have very different growth rates, how does that work with a global currency like bitcoin?