BTC can function perfectly well as a supplement to traditional currencies, but it cannot replace them. The needs for currency by the private economy is not fixed, tying an anchor around your political ability to respond to those changing needs is not wise. I can count the number of incidents of runaway inflation on one hand, whereas incidents of runaway deflation are much more common and persistent.
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BTC can function perfectly well as a supplement to traditional currencies, but it cannot replace them. The needs for currency by the private economy is not fixed, tying an anchor around your political ability to respond to those changing needs is not wise. I can count the number of incidents of runaway inflation on one hand, whereas incidents of runaway deflation are much more common and persistent.