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Correct - you can increase the units in circulation without destroying the purchasing power of those who currently hold the asset, which is a huge advantage ove
by csuwldcat 9y ago
Correct - you can increase the units in circulation without destroying the purchasing power of those who currently hold the asset, which is a huge advantage over traditional fiat currency.
- pg314 9y agoYou can do the same with fiat currencies. It's called redenomination [1]. [1] https://en.wikipedia.org/wiki/Redenomination https://en.wikipedia.org/wiki/Redenomination