How to strengthen a country's currency?

[knight22]

The whole money creation process through debt is the root cause of most systemic problem with our economies. The fact that each dollar have an expiration date (conceptually) is the fundamental reason why the economy is so weak.

[Swordsoffreedom]

The whole money creation process through debt is the root cause of most systemic problem with our economies. The fact that each dollar have an expiration date (conceptually) is the fundamental reason why the economy is so weak.

Yep this is a battle between nations in the sense that the weakest country currencies will collapse given time and their is an ongoing battle between the countries and their currency systems.

But the question is how to strengthen one I guess an expansion is how to strengthen each countries economies globally.

[ShakyhandsBTCer]

So while backing a currency with bitcoin (which is pointless in itself as you may as well just use bitcoin) might seem like a good idea it will never happen.

There would be plenty of reasons why a country would want to have it's currency backed by bitcoin

1 - Bitcoin is highly technical and a country's population may not understand how to properly keep their wallet safe. By having a currency that can be held people can understand how to protect it in the same way that they understand how to protect cash

2 - If a country does not have the infrastructure in place to support that level of connectedness to the internet. If a country used bitcoin as a currency then anyone wishing to spend their money must have access to the internet any where that a transaction is to take place. Even in modernized countries there are places without internet access that have transactions take place.

3 - Countries would need to rely on ISPs much too heavily for their economy. If access to the internet is disrupted then their country's economy would come to a standstill as no transactions could take place.

4 - Per capita income/assets may not be high enough for every citizen to be able to afford a smartphone that would be required to spend money with bitcoin.