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It boils down to the same thing. Inflation is nothing more then inflation expectation, as people change their behavior as a result. The fact that fiat is moving
by cf141q5325 5y ago
It boils down to the same thing. Inflation is nothing more then inflation expectation, as people change their behavior as a result. The fact that fiat is moving towards 10% inflation is a direct result of a reduction in trust in it as a store of value. People expect it to be worth less, and as a result it is. If you look back over any period of time you have a constant erosion of trust in its ability to store value since its inception in the 70s. For cryptos its the opposite.
You can make the argument about different market sizes though. But the trend in both directions is clear.
- dmitriid 5y ago> The fact that fiat is moving towards 10% inflation Crypto had value swings far greater than that in the past 6 months alone.
- cf141q5325 5y agoBut not over time. Fiat has been constantly going down since its inception
- dmitriid 5y agoSlow inflation is manageable for an average person (or a company). Wild swings at any given point are not.