> When I listen to Bitcoin discussions, one of the advantages people bring up is that there is a limited number of it and you can’t just “print” more.
Which can limit economic growth. When money was based the amount of gold available, there were long periods of economic stagnation because of liquidity issues:
The stagnation only ended when new sources of shiny rocks were found (California; New World).
I find it a dumb idea what whether or not people can get credit to start/expand businesses would be dependent of solving math problems. Yes, credit creation can be "too easy" and become a problem, but making it "too hard" (or physically/mathematically impossible) is even more dumb.
Which can limit economic growth. When money was based the amount of gold available, there were long periods of economic stagnation because of liquidity issues:
* https://en.wikipedia.org/wiki/Long_Depression
* https://en.wikipedia.org/wiki/Great_Bullion_Famine
The stagnation only ended when new sources of shiny rocks were found (California; New World).
I find it a dumb idea what whether or not people can get credit to start/expand businesses would be dependent of solving math problems. Yes, credit creation can be "too easy" and become a problem, but making it "too hard" (or physically/mathematically impossible) is even more dumb.