3 ms·
> I don't believe we actually have a good currency replacement cryptocurrency yet Yeah, cryptocurrencies are not perfect. But they are at least better than fia
by knocte 10y ago
> I don't believe we actually have a good currency replacement cryptocurrency yet
Yeah, cryptocurrencies are not perfect. But they are at least better than fiat/gold. Humanity progresses with baby steps.
> over time to cause inflation and thus devalue the currency driving holders to actually spend it
Here you're bringing up the old belief that a currency needs to have inflation built-in to not incentivize hoarding it, and to foster money circulation. This is a fair requirement, however, it also fosters a consumerism outlook in society. I'm still in two minds of what's better.
Anyway, if you're on the anti-hoarding side, you could like something called Freicoin. It has the good parts of cryptocurrency (vs fiat), and it also has a demurrage fee that disincentivize hoarding.