Sunday, 14 June 2020

Winner? 🤔

Winner? 🤔

USD:

  • What backs the US dollar? Nothing, only the faith that it has value
  • How many dollars in circulation? Nobody knows
  • Can more dollars be printed? Yes, the FED can print unlimited dollars when needed
  • Who controls the dollars? The FED
  • Does the dollar lose buying power? Yes, USD inflates 1.38% every year. It inflates more when the FED prints more dollars. #BRRRRRR

BTC:

  • What backs BTC? Code and Math
  • How many BTC in circulation? As of now, 18,403,762 but there will only be 21 million created
  • Can more BTC be created? After 21 million have been mined, no more BTC can be created
  • Who controls BTC? No entity owns BTC
  • Does BTC lose buying power? No, BTC is a deflationary asset, so it will deflate causing it to be worth more in value

In conclusion, who do you think wins? Let me know in the comments and also write down any more questions that should have been added to the post. Thanks!

https://preview.redd.it/ymj852h1uq451.png?width=400&format=png&auto=webp&s=dc5f749d9e0872a1c56c5b8f1aa1cdb6fe3400b5

submitted by /u/Mari0805
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