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RE: Can currently excalating TRADE WAR be good thing for crypto? I would like to know your opinion.

in #crypto6 years ago

Presently the currency war is on the rise like in Turkey and venezuela. The problem with fiat currency is they they have unlimited supply, thus it will lose its value in near future. Cryptocurrencies are the only best solution to the currency crisis. Hope may every country allow use of crypto and it's futuristic blockchain technology.
Good article sir, Thanks for the information @crypto.piotr .

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hi @abhijeetcg

The problem with fiat currency is they they have unlimited supply

Indeed unlimited supply is causing some problems.

But wouldn't limited supply also create problems? I wonder what challenges this model will face.

Can you imagine that all fiat currency would be having limited supply but anytime you want to you can "shut down" some currency and also you can create new one anytime you wish? (just like it's happening with ICOs?).

I really wonder what issues will crypto face in the future. Im not sure if many people can even understand all challenges and consequences.

Again, thanks for your amazing comment
Piotr