Posts

Showing posts with the label #Bitgesell #BitgesellvsFiat #BitgesellvsMoney #Bitgesellvsinflation #Bitgesellscarcity #Bitgesellstoreofvalue #Bitgeselldigitalgold #BitgesellwrappedBGL #BitgesellBGLcoin #Bitgesellcoin

Bitgesell vs Fiat Money

Image
Why can't fiat currency, with its infinite money supply, compete with Bitgesell crypto, which has a limited supply of less than 21 million coins and 32 halvings until 2054, along with a Bitgesell burn mechanism that burns 90% of taxes and transaction fees? The Problem with Infinite Money Supply Fiat Currency, or traditional government-issued money, has long been the standard medium of exchange in the world. It operates on the basis of an infinite money supply, which can lead to several economic challenges. Inflation One of the primary issues with an infinite money supply is the risk of inflation. As central banks print more money, it can lead to devaluation of the currency, causing prices to rise and eroding the purchasing power of individuals. Lack of Scarcity Fiat money lacks inherent scarcity. Governments can print money at will, and this has historically resulted in overproduction, which can undermine the value of the currency. Bitgesell Crypto Bitgesell Crypto, designed as a d