Re:Defense in Silk Road Trial Says Mt. Gox CEO Was the Real ...
by byEngineer on Saturday January 17, 2015 @05:22PM
(#8905751)
Again: cryptocurrencies have built in anti-inflation mechanism: you can have just these many bitcoins. You can't inflate out your debt using printing press. Very good feature for a creditor nation, like China. Very bad for debtor nation like the US. Ie The USD monetary base at least doubled since 2008. To deal with the debt. Impossible to do with bitcoins. Or gold for that matter.
[ Parent
| on HN ]
There are no comments on this comment yet.