Bitcoin actually does something useful for the dollar—it keeps things honest. By providing real competition, it creates pressure that naturally constrains excessive inflation and unsustainable deficit spending. The mechanism is simple: when policymakers know alternatives exist, they can't ignore the consequences of monetary excess. That's the kind of check and balance the system needs.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
6 Likes
Reward
6
4
Repost
Share
Comment
0/400
NotGonnaMakeIt
· 1h ago
Why do I feel like this logic is a bit naive... Will the central bank really back down just because of Bitcoin?
View OriginalReply0
StakeOrRegret
· 1h ago
This logic sounds good, but can it really constrain the government... I'm skeptical.
View OriginalReply0
MemeCurator
· 1h ago
This logic sounds reasonable, but is the central bank really afraid of Bitcoin? I have my doubts.
View OriginalReply0
SadMoneyMeow
· 1h ago
Hmm... that logic sounds good, but can it really be controlled?
Bitcoin actually does something useful for the dollar—it keeps things honest. By providing real competition, it creates pressure that naturally constrains excessive inflation and unsustainable deficit spending. The mechanism is simple: when policymakers know alternatives exist, they can't ignore the consequences of monetary excess. That's the kind of check and balance the system needs.