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What leads you to think that a deflationary currency should be the sole basis for an economy?

• pjkundert 7y ago
  What leads you to believe that a cryptocurrency that is a viable money substitute is deflationary? The current crop of global-consensus CA AP and CP systems underpinning fixed-issuance (deflationary) or clumsy dynamic issuance (eg. USDT, etc.) are nothing like the systems that will eventually provide a humanity-serving monetary system... Everything you see now is "Pre Model-T", in automobile terms. You'll see little if any of it in use in a few years as "money", but cryptocurrencies are going to Tear the Doors Off the financial system.
  • nooron 7y ago
    I do not believe that a crypto that would be a viable substitute would be deflationary. I am observing that the most popular crypto today is bitcoin, that it is deflationary, that (many of) its fans like that property, and that it would be a poor basis for an entire economy. I would genuinely like to hear more about how these future crypto currencies will "Tear the Doors Off the financial system". I got into cryptocurrency in 2012 and I have been hearing claims like that since then, but I have not found any of them plausible.