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Bitcoin Q&A: Inflation and Debt Systems
4 years ago
10
How do you see the roles of debt and inflation changing in society with the advent of cryptocurrencies? Does Bitcoin have the best monetary policy? Bitcoin and many other cryptocurrencies are not debt instruments, whereas most of the popular, state-run forms of currency today are. You can't do fractional reserve banking or issue debt with bitcoin. Airdrops / fork coins are a form of supply inflation. How do you explain the different approaches to cryptocurrencies from China and Japan?
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