This isn’t the exact paper I had skimmed before and thought of while reading this, but it makes the same point, taking yours and going further. https://paper

This isn’t the exact paper I had skimmed before and thought of while reading this, but it makes the same point, taking yours and going further. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3629988 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3629988 Really deflation is the tip of the iceberg. When lending is competitive to staking network security will suffer, and deflation makes it worse.