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Lot of people miss that individual crypto assets are deflationary, but the crypto market as a whole can be persistently inflationary b/c it's so easy to just fo
by bpodgursky 5y ago
Lot of people miss that individual crypto assets are deflationary, but the crypto market as a whole can be persistently inflationary b/c it's so easy to just fork or spin up a new coin.
Only deflationary if everyone rallies around bitcoin and ignores the altcoins, which isn't really what's happening.
- nemothekid 5y agoI don’t understand how your comment is meaningful. If for example the USD was deflationary, and I argued it wasn’t because I could print my own currency at home, I don’t see how that would benefit anyone
- bpodgursky 5y agoIf you could print your own currency at home, and most of the people who accepted dollars also accepted homebrew currencies, then you would be in a similar situation to BTC / DOGE.
- renewiltord 5y agoThe difference is that the Uniswap and Sushiswap Decentralized Exchanges give you mechanisms of exchange of any token and the market involves people who will buy your shitcoin. Few will accept alt paper tender on the other hand