Topic: Can BTC actually solve inflation? (Read 132 times)
Ideally, bitcoin has nothing to do with the economic of a country. Bitcoin is not regulated thus, the price fluctuation of cryptos will not even affect the economic aspect of the country. But if there is a very slim chance that bitcoin can affect it then it will either solve inflation or 'cause a major inflation.
I'm trying to wrap my head around all this, but would introducing BTC globally, or regionally to certain countries, actually solve inflation? I know it would curb it immediately and even fairly long term, but isn't it only deflationary in nature until all coins are mined? Probably pretty speculative, but what would stop inflation when all coins were officially mined?
Additionally, albeit minimal, isn't it technically inflated any and each time that btc is lost or destroyed? When all coins were mined, the degree of which lost/destroyed btc inflated the currency would increase, right?
Sorry for so many questions, but looking forward to reading the answers.
thanks
Additionally, albeit minimal, isn't it technically inflated any and each time that btc is lost or destroyed? When all coins were mined, the degree of which lost/destroyed btc inflated the currency would increase, right?
Sorry for so many questions, but looking forward to reading the answers.
thanks
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