It's very unfortunate that the Act of money printing is a generational coincidence, Of course we might seem immune because we have a little of our wealth stored in bitcoin which gives us a bit of guarantee that it will appreciate over 4 years but then if you person have you assets stored in bitcoin does everyone around too? of course not them it affects you indirectly, hence I see no fun in government printing more money because it's basically hitting even the slightest person.

Imagine you want a BMW worth of $30k and you have $15k worth of BTC and you kept it waiting for bitcoin to appreciate so you can buy them inflation hits and the BMW is now $60k price double and you bitcoin price too double so you have only $30k yet you're unable to afford the same vehicle. It's just unfortunate whether we like it or not we all are suffering this bullshit.

A similar situation with Nigeria Naira when the government decided to print launch new Naira notes even in larger quantities of different denominations. A situation that led to the devaluation of the naira to the dollar from around #460 equally to $1 to about #2000 equalling to $1 between 2022 to 2023 (though currently it fluctuates between#1500/1600 to 1 USD). Leading to a hyperinflation in the country that till date people are still finding it difficult to navigate their way around to survive the harsh economic situations of increasing prices of goods/services the government decision of printing excess new more notes caused.

I have not given any definition mate. Where do you see the definition in OP?


It is written there, Please check the source link.


There is a little sarcasm in the post 

Specifically to your instance of the Naira note, you had to look closer than what the government termed the course of changing the currency, it wasn't all what we thought it was, it was part of an agenda to go uncovered, let me not go deeper but it never benefit the economy, don't we use the old notes up till date?

If we think the government is there to sort out our complaints, then better stop the old thinking. Governments keep printing new notes so they have enough to bundle in a safe house, all part of the plan with massive inflation in the country.

In most countries this is incorrect. The (commercial) banks create the money, but they can only create a multiple of what they deposited on their Central Bank account (typically they need to deposit about 3-5% of their own balance). That's the so called "fractional reserve banking" system. Some countries don't even have that rule anymore but rely on other rules to prevent "too much printing", e.g. the US.

What the Central Banks do however is to control the central bank money supply and thus regulate the amount of money which can be printed by the banks.

Not only due to technology (productivity growth), also due other factors influencing economic growth, like population growth (demand growth) and also imbalances between countries.

This mechanism is correct. But according to classical economic theory, the problem is: you can also simply hoard your money and wait so long to purchase things that the economy suffers. Hoarding does not benefit anyone.

For this problem, I still haven't read a convincing answer which could apply to a "Bitcoin Standard" world.

It can however be debated if this is really a "problem" or if it' a "feature". It should lead to a economy where economic growth is lower and less ressources are consumed.

But now tell that to the population of a developing country. They want their economy to become bigger.
That would be a CBDC

Dollars/BDT/Ruppe= Unlimited Supply= Centralized= More Inflation rate

Bitcoin= Limited supply (21 Million)= Decentralized= No Inflation

World choices now Bitcoin...

Why were you surprised? Look at it otherwise. If the car price remains $1000, then doesn't mean that Bitcoin will remain $1000. Bitcoin grows anyways because of too many reasons, it's simply the financial revolution. If during the inflation, the price of the car goes from $1000 to $1100 and Bitcoin's price goes from $1000 to $1500, then why do you exclude the fact that if there is no inflation and car remains $1000, Bitcoin will be $1400? Even if there is no inflation, Bitcoin still significantly grows because it's decentralized, it's revolutionary and so on, it's a digital gold that we invented in 21st century, it's adoption and price increment is impossible to stop.

Inflation is very good if you are a millionaire and own some businesses and assets. In that case, the price of your assets grow while the life is getting harder for people, which means that they work harder for lesser money and it directly benefits the company (of course it also depends on the business type). Keep in mind that average person doesn't hold many assets.

At least while the rest of the world tries to save money only to realize that their money did nothing but decline in value, we keep our money and its value increases over time.
You were never able to afford the vehicle from the start anyway. Inflation is expected. If you want to be able to afford the vehicle, you need to find a way to triple or quadruple your money. You can do that through crypto but it will not be as easy of course. But this is the price you have to pay to be able to afford anything you want.

History always shows insight of the future. Weimar Germany hyperinflation showed the world what printing more Fiat would lead to.
Now they are going relatively slower but it doesn't change the destination.
The citizens are always the end victims.

I would say it's a feature.
Bitcoin is best left as an alternative to me not a replacement to the Fiat system.
In economics every choice made has a sacrifice. None is perfect, the best that the government can do is balance things out using economic tools.
Printing more money is supposed to be a last in correcting deflation but now it's poorly used
Bitcoin could help but we know it could lead to deflation, so a little printing would limit both tool defects.
I believe one shouldn't attempt flying without knowing how to stand.
The rate of inflation in my country makes the US dollar feel like a deflationary currency.
The citizens bears the brunt of this, it changes nothing when money printed for development is used by corrupt politicians.
So even with inflation and their printing mY country isn't experiencing economic growth.