Topic: Is bitcoin immune to inflation? - page 2. (Read 1850 times)
i would think that fiat currency's strength is based on consumer confidence. if the government were to force businesses into accepting its own cryptocurrencies, a lot of people would be pissed off and alarmed. the backlash wouldn't be worth the risk... especially considering that it would still probably be volatile (maybe not as bad as BTC though).
because the government can't force people to accept its own version of bitcoin.
But it can force any registered entity to accept them like shops, banks etc
because the government can't force people to accept its own version of bitcoin.
this. sort of.
They could give people an offer they cant refuse. They are great at that.
because the government can't force people to accept its own version of bitcoin.
I have read that one of the chief benefits of bitcoin is that due to it's fixed quantity it is immune to inflation as governments cannot "make" more of them.
Is this really true? What is to stop say the American government making a bitdollar, pinning the price against the bitcoin and forcing is acceptance as legal tender? Surely this would effectively deflate the value of a bitcoin?
Is this really true? What is to stop say the American government making a bitdollar, pinning the price against the bitcoin and forcing is acceptance as legal tender? Surely this would effectively deflate the value of a bitcoin?
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