Inflation in the seigniorage currency could shape the future of bitcoin money

[taufik123]

that's right. indirectly the government has a big role in influencing inflation. where when they need funds for a state need and print a lot of money then money will indirectly continue to decline

That's the bad effect of Fiat and the government doing whatever it takes to make more money with the risk of insane inflation. But of course not with Bitcoin, they can't regulate it, Bitcoin is only available 21 Million and will never increase again, so there will be a scarcity where Bitcoin will continue to be needed in the future and become a digital currency that will not be affected by inflation.

[Tribalchief]

that's right. indirectly the government has a big role in influencing inflation. where when they need funds for a state need and print a lot of money then money will indirectly continue to decline

That's the bad effect of Fiat and the government doing whatever it takes to make more money with the risk of insane inflation. But of course not with Bitcoin, they can't regulate it, Bitcoin is only available 21 Million and will never increase again, so there will be a scarcity where Bitcoin will continue to be needed in the future and become a digital currency that will not be affected by inflation.

Bitcoin will always outperform the fiat currency. Even if Inflation ends up eating out fiat to a certain level, thereby reducing it's purchasing power, Bitcoin will continue to grow. It's a shame that these government can't embrace their responsibility and do what is right. After borrowing heavily and failing to do the needful, they start printing money to cover up for their mistakes, thereby leaving the citizens to suffer.

Satoshi did a very good job by leaving Bitcoin to the community members to manage. If any government were to be in charge, they might have greedily added more supplies to the current 21million. Bitcoin is clearly unlike the fiat that they can easily manipulate without the citizens knowing.

[taufik123]

Bitcoin will always outperform the fiat currency. Even if Inflation ends up eating out fiat to a certain level, thereby reducing it's purchasing power, Bitcoin will continue to grow. It's a shame that these government can't embrace their responsibility and do what is right. After borrowing heavily and failing to do the needful, they start printing money to cover up for their mistakes, thereby leaving the citizens to suffer.

Satoshi did a very good job by leaving Bitcoin to the community members to manage. If any government were to be in charge, they might have greedily added more supplies to the current 21million. Bitcoin is clearly unlike the fiat that they can easily manipulate without the citizens knowing.

The government only wants to get instant profits and the currency they use must be controllable.
Unlike bitcoin which they cannot fully control. Inflation occurs easily and prints money when they need it.

No matter if the community suffers, it will only subside when there is little money they give to the community.
There are more governments that commit such dirty acts.

There is no manipulation in bitcoin internally, although some price manipulation happens that is only a minor influence.
Bitcoin is decentralized, cannot be regulated by anyone and bitcoin stands on its own quite strongly until now.

[pieppiep]

that's right. indirectly the government has a big role in influencing inflation. where when they need funds for a state need and print a lot of money then money will indirectly continue to decline

That's the bad effect of Fiat and the government doing whatever it takes to make more money with the risk of insane inflation. But of course not with Bitcoin, they can't regulate it, Bitcoin is only available 21 Million and will never increase again, so there will be a scarcity where Bitcoin will continue to be needed in the future and become a digital currency that will not be affected by inflation.

Bitcoin will always outperform the fiat currency. Even if Inflation ends up eating out fiat to a certain level, thereby reducing it's purchasing power, Bitcoin will continue to grow. It's a shame that these government can't embrace their responsibility and do what is right. After borrowing heavily and failing to do the needful, they start printing money to cover up for their mistakes, thereby leaving the citizens to suffer.

Satoshi did a very good job by leaving Bitcoin to the community members to manage. If any government were to be in charge, they might have greedily added more supplies to the current 21million. Bitcoin is clearly unlike the fiat that they can easily manipulate without the citizens knowing.

I think considering what monetary policy has done to the economy many are now seeking for some cheaper and inflationary solutions. In this case, Bitcoin arises as one that is stable due to its finite supply. As more nations embrace and reveal information on the usage of blockchain technology, Bitcoin has become a reliable instrument to health by many people to save their money to avoid loss due inabilities and unwise policies that result in inflation.

Government’s failure in managing national debt results in a shift of attention towards fiat currency to digital currencies like Bitcoins. In a decentralized structure, faith is put in a technology, not in a center that can be administered improperly, ineptly or corruptly. This also makes Bitcoin also a more appealing asset that can be invested in for the long-term particularly with the economic instability that affects manufacturing Click countries that mostly resort to printing money as a solution.