Piecover on Nostr: Why is it important that the money is limited? ...
Why is it important that the money is limited?
A money that is not limited in amount is not a real money that you can trust to save into because you take the risk of waking up one morning to see that they have created so much money that it becomes worthless, all the time and energy you have spent working for it will go down the river. Your family becomes poorer and you will take more debt to survive, that's why in most economies today everyone lives on debt instead of what they have saved.
On a money system like Bitcoin you only need to work hard and save in it for a few years and you will get enough money to live for the rest of your life, that's just because the money is limited in quantity.
A money that is not limited in amount is not a real money that you can trust to save into because you take the risk of waking up one morning to see that they have created so much money that it becomes worthless, all the time and energy you have spent working for it will go down the river. Your family becomes poorer and you will take more debt to survive, that's why in most economies today everyone lives on debt instead of what they have saved.
On a money system like Bitcoin you only need to work hard and save in it for a few years and you will get enough money to live for the rest of your life, that's just because the money is limited in quantity.