Limited in a sense that it cannot be created unlike paper...

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    Limited in a sense that it cannot be created unlike paper money.

    Imagine if at any snapshot of time all governments around the world tried to stimulate their economy using Bitcoin (or any other widely used digital currency) and at that very snapshot of time 1 loaf of bread costed 1 bitcoin. Its impossible unless if they asked either the people in possession of bitcoin to give it up to government (who would?) or people in possession of the bread to sell their bread at half a bitcoin now.

    US is in trillions of debt but still one of the biggest economies in the world because right now, they just print and/or borrow money. But because money can be printed and doesnt need to be tied to anything such as gold, it is possible to do it. However if you decided to replace money with gold or any other resource that cannot simply be created and then all economies around the world attempted to stimulate at the same time, imagine the chaos. This is just one of the limitations, there is many other limitations.

    I am not against Bitcoin or blockchain for that matter, I just dont believe it will replace paper money.

 
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