Bitcoin is actually useful against the US dollar—it maintains the integrity of the system. By providing genuine competition, it creates pressure that naturally limits excessive inflation and unsustainable deficit spending. The mechanism is simple: when policymakers are aware of alternatives, they cannot ignore the consequences of excessive currency issuance. This is exactly the check and balance that the system needs.
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Bitcoin is actually useful against the US dollar—it maintains the integrity of the system. By providing genuine competition, it creates pressure that naturally limits excessive inflation and unsustainable deficit spending. The mechanism is simple: when policymakers are aware of alternatives, they cannot ignore the consequences of excessive currency issuance. This is exactly the check and balance that the system needs.