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... hence the War on Cash. They can also convert bank deposits into 'yellowstuff' and put that in a vault, or safe at home. However, the mining inflation rate
by mikhailfranco 9y ago
... hence the War on Cash.
They can also convert bank deposits into 'yellowstuff' and put that in a vault, or safe at home. However, the mining inflation rate in 'yellowstuff', plus fees for storage, come to a depreciation of about 1.5%. So if the WoC is successful, and NIRP policies demand less than about -1.5% interest rate, then there has to be a War on Yellowstuff too.