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The thing is... why would any reasonable individual use a currency with inflation when they can use an equivalent currency with deflation? Governments can force
by vertex-four 10y ago
The thing is... why would any reasonable individual use a currency with inflation when they can use an equivalent currency with deflation? Governments can force inflation on people - cryptocurrencies have no ability to force anyone to use them.
- rthille 10y agoGovernments can only force inflation of the currency, not of all assets. That helps to keep value in investments that pay a return and increase real value to society over holding currency which doesn't.
- wmf 10y agoOr you could say why would any reasonable individual use a currency with built-in boom-bust cycles when they can use an equivalent currency with reasonably stable value?