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And you are ignoring a much bigger issue. For instance, the Fed has expanded the USD monetary base by about 4 trillion in the past six years. So why not take that figure, divide it by the total number of transactions in the past six years and call it "the dollar's cost per transaction"?

Every inflationary currency system suffers from the same problem. At least bitcoin has a hard cap on the total number of units that will ever be available.



> At least bitcoin has a hard cap on the total number of units that will ever be available.

You say that as though it is a good thing. Do you really think the US would be better off with QE? It seems to me it'd look more like the Eurozone.

Increase in money supply != inflation, FWIW.


Because that wasn't required to facilitate each transaction


It was required to facilitate future transactions.

[That was the argument made anyway]




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