[andrewmutz]

History has repeatedly shown that being able to print money is a critical tool during financial crises. No one likes their money being debased, but they like economic depressions even less.

There is a reason that nations have abandoned the gold standard.

[jkepler]

Gold's physical characteristics tended towards centralization. Centralizing gave the institutions controlling the gold strong incentives to allow debasement of gold-backed money, as it gave those institutions handsome profits and strong political control.

[randomhodler84]

History has repeated shown us that printing money in a crisis just makes it worse, eventually. Taking that away is hard, but honesty is the best policy, even if it hurts at first.

The reason we ditched the gold standard was for deviance. It’s very hard to fight wars if you can’t print the money. Ww1 ww2 Vietnam, Afghanistan, Iraq … try that on gold. Bitcoin = End of all war.

[daemoens]

I mean most wars happened before I the World Wars. Like the overwhelming majority of wars happened on a gold standard. Bitcoin would probably make us too poor for war though.

[aaaaaaaaata]

> Bitcoin would probably make us too poor for war though.

...?

[aaaaaaaaata]

Let a recession happen when we deserve one, so the depressions don't happen.

Holding back the floodgates until the problem is ready to kill everyone equally is stupid, and the opposite of a meritocracy.