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I have read a lot of crypto articles recently, and yet the community cannot answer this: How do you account for the global population growth (and consequently G
by mgh2 5y ago
I have read a lot of crypto articles recently, and yet the community cannot answer this: How do you account for the global population growth (and consequently GDP growth) that is constantly in need for a relatively stable exchange medium for value of goods produced?
Cycle: More people > more production > more money
Money is a tool to fuel production. Controlled inflation/devaluation fuels growth, as long as it is backed by actual production (tied to economic output).
Contrast this with popular crypto examples: Germany (WWI), Venezuela, Greece, Argentina, Lebanon, etc. countries that dramatically devalued their currency without an increase in production = corruption of value.
The problem with any limited supply is that it benefits and incentivizes hoarders and non-producers, having nonbeneficial effects for society as a whole.
Is the US really that corrupt? Or is the entire crypto narrative a marketing scheme by speculators & scammers?
https://m-g-h.medium.com/in-data-we-trust-2978dacc8c22 https://m-g-h.medium.com/in-data-we-trust-2978dacc8c22