It is uncharted waters, but in terms of symbolic representation of value, it is more accurate and thus may be more effective in practice. A dollar does not degr

It is uncharted waters, but in terms of symbolic representation of value, it is more accurate and thus may be more effective in practice. A dollar does not degrade in value the same way a physical product does, and thus a dollar is an inaccurate representation of the value of the product. Inflation and deflation are side effects arising from this inaccurate representation. I will hold on to a dollar differently then I'd hold onto a physical product. Inaccurate representation therefore leads to unnatural behavior. Often the product a dollar represents can degrade to worthlessness while the dollar maintains value. By making the dollar degrade explicitly , it forces people to treat a dollar as one would treat the majority of physical products in the real world: as an object that degrades with time. Think about it. If my assets are represented by physical products with real value, what is inflation and deflation? The concepts becomes non-existent.