Even Central banks talking.
But one important thing....
How It's the issuence of currency and distribution will be?
Block rewards.
If It's highy delfationary it will create the povertry and not good for Economic growth.
Why do you say this? Inflationary fiat currency has lots of poverty and many instances of bad economic growth. Why are you so sure that deflationary would be worse?
If It's highghly inflationary then it will end up as old fiat currency.
Fortunately right now, it is less inflationary than the U.S. dollar. Over time, it will become less and less inflationary until eventually it will be deflationary.
Bitcoin Limited supply not good option as currency.
I disagree. Bitcoin's limited supply is a VERY good option as a currency.
But again how the currency will be distributed?
Again, Block rewards.
I see that the Way is loans credit
You borrow little and If You do pay back You can get more credit and more.
If You Don't pay back it will affecting your credit history.
Loans are not part of Bitcoin distribution. Perhaps you misunderstood?
If That's the Case anyone can create coin or token with huge supply like XRP and start giving out as credit
They can try, but they aren't likely to be very successful. Why are we talking about XRP? I thought you were asking about Bitcoin?
And If It's not credit based
It's not.
then It's not working the idea of credit is to boost up Economic grouwth and development in scales that It's not possible without credit based currency system.
Economic growth happens due to increased productivity and the development of new products and services. Credit is not a necessary component, but is certainly available. Again I thought we were talking about Bitcoin as a currency, why are we now talking about creditors and debtors?
To do that You need army.
Step one invade some country
Step 2 create token or coin... Make sure it has big enough supply so all Economy can relie on your currency.
Create the laws to force people to pay back.
That's Fiat. How about this:
Step 1. Create an open source decentralized international system of recording the exchange of value.
Step 2. People voluntarily choose to adopt this system because of the benefits it provides.
If It's centralized currency like the xrp
It is not.
I guess You as the currency provider and lender You could just detuct the ammount of the person account on the paying date.
Why are we talking about XRP again? I thought you wanted to know about Bitcoin?
Right You guys Don't like that idea but tell me other ways?
Ok. Block rewards.
Even with cbdc the question is how the supply of currency will be organised?
Blockchain and block rewards.
You cant just give out as a air drop it has no value.
It isn't.
If you provide Limited supply currency like btc it will create the massive povertry and world will be owned and ruled by those who got most of the btc.
Poverty is not caused by a currency being of limited supply. Fiat has effectively unlimited supply and it has lots of poverty. You can not solve poverty by changing your system of currency.
It will be feodalism the nobility order like it was kings and queens...but this will create the Equality problem and will lead sooner or later to revolutionary movement.
You can not solve issues of distribution of wealth by changing your system of currency.
The credit based currency option is much more sustainable and likely it will happening.
Thank you for your opinion. I disagree.
