grlthng

If you are a merchant selling goods and services for money, and had the choice between transactions with finality and without, you will always chose transactions with finality.

> Inflation incentivizes investment

Inflation induces investment and consumption. Ultimately, central bank wants to create GDP growth through inflation because any GDP growth is good, that's the basic dogma.

Since we're talking about climate change, it's clearly morally wrong for the central bank to print money to create arbitrary GDP growth because GDP growth creates emissions and furthers climate change. It's a deathtrap really, and the most sinister mechanism ever created. We should probably ban it along with Bitcoin.

He expects you to mail them a batch of dollars with Fedex of course , lol.

Because its easy to take down an SQL database. You'd have to expend 68 TWh of energy to take Bitcoin down.

He's just incredibly confused because central banks officials avoid saying the word "money printing" or "creating money" so that the public doesn't panic or accuse them of creating something out of nothing. Instead they use technical words like "Quantitative Easing" and "Asset Purchases" and then dumbasses like him buy into the wordplay whole heartedly.

A low velocity financial instrument is still useful if it stores value, even if it has no other utility. Gold locked in a vault, rolex watch that is stored in a safe, stock whose voting rights are not utilized, a house that nobody lives in, pokemon cards that isn't used in a card game.

The list is endless and I guess if you're really asset poor you wouldn't see a value in these things.

You'd have to be blind to not see that the "mainstream system" is the one flushing the climate down the toilet.

Bitcoin is just a byproduct of the "mainstream system". It was created by it. It's like the waste product that comes out when refining toxic ancient sludge into oil. And Bitcoin will never go away until the "main stream system" itself dies.

> If nations no longer control their money, does it mean they can go bankrupt?

Yes, happens all the time where countries default on their debt obligations even when they "control" their money.

> Would have the EU and the US been able to create stimulus packages?

Yes its called taxation, and maintaining a reserve. Just like how normal people save up for a rainy day. They can even borrow money (bonds) from the public like they've done for hundreds of years.

> What about adjusting the inflation to the economic growth rate of a country?

The vast majority of failed monetary systems in the last hundred years is due to central banks printing too much money. So maybe we should stop letting the central banks attempt to control something they barely understand?