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Inflation and money growth is by design as I explained here (and elsewhere in this thread): https://benoitessiambre.com/specter.html https://benoitessiambre.com
by BenoitEssiambre 5y ago
Inflation and money growth is by design as I explained here (and elsewhere in this thread): https://benoitessiambre.com/specter.html https://benoitessiambre.com/specter.html .
It's really about avoiding the bad equilibrium where everyone hoards tokens and few invest in building things to buy with these tokens (which happened during the Great Depression with gold tied currencies).
- csdvrx 5y agoWhich you could say is exactly what happens with the altcoins, then also for technical reasons: when the one crypto that first was didn't do what a young russian bord canadian wanted to do, a very different one got made. AND A BUNCH OF OTHERS NOW! It's as if the market responded to not being provided with what it wanted (in terms of affordability or features) responded in a way where hoarders got fully circumvented...