/biz/ - Business & Finance

>>14268730
Dude the fact that it imposes the recycling of monies through inflation would be ok on a national scale but most nations that want to take part in international trade nowadays need to use USD and reserves gross are held of about $5-10T of an asset that loses value year over year. Beyond that, it's good for debt to be that way, otherwise you encourage reckless governments and dumb individual spending. Much better to determine interest just based on risk rather than also taking into account beating inflation.

All that being said, BTC can never replace USD or gold. It's literally just some shit on a computer, but while some interesting tech might come out of blockchain, it's not going to revolutionize how we see money.