Again, the bitcoin limited supply is stupid.
For example, whereas one of the benefits of the rigid fixed supply is that the limitations to the growth of the money supply by the use of bitcoin would prevent inflation, if the growth of population or increase in trade outpaces the money supply, there would be no way to counteract deflation and reduced liquidity, and any attendant recession, ...except for the mining of more bitcoin.
Forget about Iran, Venezuela, Zimbabwe, Turkey... bitcoin can't save anyone.
On the contrary, bitcoin can deepen recessions !!
For example, whereas one of the benefits of the rigid fixed supply is that the limitations to the growth of the money supply by the use of bitcoin would prevent inflation, if the growth of population or increase in trade outpaces the money supply, there would be no way to counteract deflation and reduced liquidity, and any attendant recession, ...except for the mining of more bitcoin.
Forget about Iran, Venezuela, Zimbabwe, Turkey... bitcoin can't save anyone.
On the contrary, bitcoin can deepen recessions !!
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