Bitcoin Forum
November 15, 2018, 06:07:06 PM *
News: Latest Bitcoin Core release: 0.17.0 [Torrent].
   Home   Help Search Login Register More  
Pages: [1]
Author Topic: US to issue new dollar bills  (Read 104 times)
Full Member
Offline Offline

Activity: 210
Merit: 103

View Profile
November 23, 2017, 01:34:19 PM

The US treasure will issue new dollar bills, but that will be called "alt Dollar".

But do not worry, because they have called it "alt Dollar" instead of the normal dollar, it will not change the value of dollar. The amount of Dollar in the world is unchanged and will maintain it value.

The above would clearly be an absolute wrong conclusion. Of course the dollar would be subject to inflation in this scenario. Of course it does not matter that the US treasure calls it an "alt Dollar", it is still the same ting. Of course the amount of Dollar in the world increases this way even if it is insisted it has a new name.

The argument is exactly the same for Bitcoin.

It is completely irrellevant what name an alt coin gets after a fork. It is still a Bitcoin, it will still cause inflation and undermine the value of Bitcoin. In reality the amount of Bitcoin increases no matter how much people cling to the wording that "it is an alt coin".

Pages: [1]
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!