Sorry this was meant to be posted in LeoFinance - Contrast between fiat and Bitcoin by nextgen622

hive-114345 · @nextgen622 · Mar 25 '20 (edited)

$4.20

Sorry this was meant to be posted in LeoFinance - Contrast between fiat and Bitcoin

So the US has just passed a 2 trillion dollar stimulus package. In Australia and many other parts of the world, governments are handing out cash like there's no tomorrow, all in an attempt to cushion the impact of the coronavirus on society and the economy. I have nothing against all this, and think a lot of the packages are timely relief for individuals and families who are struggling through these tough times.

However, in terms of the long term impacts of these stimulus packages on the financial systems, I can't stop think about the contrast between traditional fiat systems printing extraordinary amounts of cash, compared to Bitcoin with a max supply of 21 million Bitcoins. And as the years go by, the circulating supply of Bitcoins will only go down as more and more people are likely to lose access to Bitcoin wallets.

So as long as Bitcoin continues to gain traction as a legitimate store of value, then I'm confident in its future. 

*** 

<center>![IMG_1769.PNG](https://steemitimages.com/DQmRM2rYnBUFipk7rvJdRyA9YGvvRSzpvFW9VtfCxf4MXMA/IMG_1769.PNG)

👍 ezzy, competeapp, nextgen622, slowwalker, wisdomandjustice, we-together, oldstone, photoholic, suonghuynh, daveks, ffcrossculture, smartvote, roseofmylife, andreasgrubhofer, glory7, welshstacker, blessed-girl, portugalcoin, happyme, lotusofmymom, victoryang, morningcare, angelinafx, oldstone.sct, josua1, springflower, aliyah2017, p-translation, steem-agora, mychoco, themilkymark, teamaustralia, awaken7, kggymlife, volare511, joy2018t, sports.central, decepticons, luminaryhmo, gear.nsnow, korea.test, sctm.winners, stmdev, nesim, haxxdump, pocketjs, coredump, dianna1, michealb, adem3455, nigelmarkdias

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@michealb · Mar 25 '20

:)

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@nextgen622 · Mar 25 '20 (edited)

$0.10

O I’ve done it again. Posted in the wrong community. :) Going to change the title now. I posted it in Hive first and rushed the post on Steem. But it’s strange because I thought I posted this from my own blog. Not sure why it ended up in the community.

👍 michealb

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@michealb · Mar 27 '20

@nextgen622 when you get a chance can you take me off of moderator role on steemit posts please.

seems like i'm going to spend my time at hive

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1 reply

@creativeblue · Mar 27 '20

Hi there

I've been reading through many comments related to new hive chain and I've seen your comment too. Many users are being torn, however majority seem to be moving to new hive.

Are you fully moving there or will you stay on both chains? Just curious. I'm trying to figure out what to do myself.

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2 replies