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RE: Not sure why the world needs bitcoin? Check this out:
You are looking just one part of the picture. In countries like United States, they can print all the money they want, then they need countries like Argentina to grab all the USD they have printed in order to have less inflation that they would have if all the printed dollars stays in the USA. Don't you think so? Besides, what currency the world uses to buy Brent? Let me guess, US Dollars? Or Pesos Argentinos? Or Bolivares?
But yes, cryptos are making history. And they will solve lots of problems but at the same time they will create new ones. For example, what tools will the states have to fix economic issues?
Yes, this is just one aspect, but a very real aspect as to why it is needed.
Tools to fix economic issues will exclude currency manipulation, which is not a real fix. So the states will have to take appropriate actions such as: reduce regulations to stimulate business formation, reform tax policies to stimulate business formation and growth, act to improve outcomes from the public education systems to improve the overall competitiveness of the state economy, establish and demonstrate ability to maintain stable "rule of law" operation to attract external fund flows into the state economy as a good place to store value, etc. Basically the politicians will have to stop playing financial gimmicks, will have to adopt solid conservative values and deliver honest results to their electorate. As an example, consider what Switzerland has done over last 100 years. We will need more governments and politicians who are willing to compete with Switzerland. Imagine how wonderful that world could be. Socialism would die on the vine.
Thanks for you
THANKYOUU