The American dollar has been the currency mas popular in the last fifty years, but it is starting it changing the federal reservation has meddled with his value and the these people seeking to replace it with something better, an example is a digital currency that lately exists provided that speaking and is the BITCOIN. Along the history many things have been used as coins, for example the gold, the silver, the wheat, marine shells, tobacco, salt, paper and many other things, some of them have persisted in the time and others simply missing and already they are not used as form of payment, but for that? That it does to a currency better than other one? A governmental decree does not do it, if not his properties, the properties are essential for a healthy currency, if we extract the account to the dollar estadounidence it him has not gone so well if we compare it with other historical coins as the gold and the silver or also with the BITCOIN.
A healthy currency supports his value in the time, has a limited offer, is easily divisible and portable, to compare coins between if we must bear in mind these qualities, imagine that a currency does not support his value in the time, for example: let's say that we use bananas as currency, the banana trees have a time of life, eventually they rot and in a little time sides your savings in banana trees turned into rotten banana trees and nobody wants to exchange rotten fruits, the American dollar does not rot but thanks to the central bank it has lost 95 % of his purchasing power in the last hundred years. The gold and the silver do not rot either are lasting and possess a long history of preservation of value, The BITCOIN does not degenerate 1 and the 0 seran the same ones today Neither 1 degenerates and the 0 will be the same today and in 50 years, it is a decentralized currency that is not issued by any institution what means that his value is independent from any government or central bank, while the people consider it to be valuable it lasted. Then imagine a currency without a limited offer, let's say that we use coins of wood, which happens when the people begin to carve his own coins? If the people can create mas you coin easily the prices careceran of meaning. From the seventies the American dollar to counted everything less with a limited offer, the central bank to created trillions of dollars of nothing devaluating this way the dollars of the people, the offer of the gold and the silver has been relatively constant in the last thousands of years, Â The BITCOIN also has a stable offer this wants to say that for any part of the time we can calculate almost exactly all those have produced to themselves and to which I happen produciran, you eat produciran mas of 21 million BITCOINS because this one written in his code, the falcificacion also can raise the offer of a currency defrauding the people, the only difference between the monetary impression and the falcificacion is the one who is behind since the result is the same. Afortunamente is difficult for the citizens to forge dollars, gold and silver, but that exists of something digital as the BITCOIN uses mathematical coding and a countable book called chain of blocks in order that it is impossible to forge it.
Imagine a currency that is not divided easily, that ocurriria if cows were used as coins, Since pagariamos for something as a loaf if a cow costs many mas that a loaf and serious very difficult to divide a cow until obtenta a piece equivalent to the cost of the bread. The dollar divides easily, the gold and the silver are little mas complicated to divide, the bitcoin divides easily even hundred billionth part. A currency recovers also it must be portable, imagine that we use blocks of semento as coins serious very difficult, ahor well the dollar is easily portable, the gold and the silver are a bit complicated but with a support in gold and silver the people use generally paper coin, the BITCOINS can be sent to any part of the world that has access to Internet of an instantaneous way independently of the size of the transaction and almost without any cost. Then which is the result of comparing these coins? Â It decide your same one. It is something that is discovered by the time but if I them pay for head offices they continue inflating the monetary offer and the people are free to choose, the dollar will not be able to face him the competition.
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