I truly belief that the Bitcoin-blockchain-cryptocurrency revolution will force a more honest discussion on the state of the world economy. Right now, we have a hub-and-spoke model in terms of collecting economic data. Central Banks are the gateways for economic reporting. Where I really see blockchain technology driving the central bankers crazy is when the reporting nodes distribute their info to a wide variety of economic analysis points. When for-profit or academic data "nodes" can work with the raw data without central bank interception, we'll be at a whole different plane.
RE: If the government is printing trillions why is there no hyperinflation?
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If the government is printing trillions why is there no hyperinflation?
You mean something like people putting food, rent, gasoline, grocery prices on the blockchain (by various sources) in order to create independent indexes? (That's just an example of decentralized reporting I can think of - but you may mean something different?)...
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