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RE: Bitcoin and cryptocurrencies are great for the environment! Don't believe the mainstream media!

in #bitcoin7 years ago

You're making a serious error in thinking that printing money is any kind of solution to debt. All it leads to is the dilution of the money supply and eventual inflation, which is even worse for the average person. You can think of it as government borrowing from the future value of its people's money instead of from institutional debt holders.

If you want to see where printing money takes you - and I think the post actually mentioned these examples - take a look at what happened to the Zimbabwe dollar throughout the '00s, or what's been happening in Venezuela recently.

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