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Or... there are reasons nobody does that. You do realize deflationary "currency" disincentivizes spending, right?
by guerrilla 4y ago
Or... there are reasons nobody does that.
You do realize deflationary "currency" disincentivizes spending, right?
- stale2002 4y ago> Or... there are reasons nobody does that. Like I said, the great part about crypto is that if you have personal reasons to prefer inflationary currencies you can feel free to use those instead. And those who don't want their money inflated away, are free to choose otherwise. Everyone wins! You can prefer inflation for your own money as much as you want. And those who don't want inflation for their own money, can choose differently.
- guerrilla 4y ago> personal reasons You seem confused. Societal collapsing vs. non-societal collapsing currencies are not "personal." You're confounding preference and outcome. Deflationary "money" isn't money, which is exactly what we see in all of your experiments, exactly as predicted.
- stale2002 4y ago> Deflationary "money" isn't money, which is exactly what we see in all of your experiments, exactly as predicted. You can call it whatever you want, but the point is that you don't have to use this "deflationary money, which isn't money", and other people who do want this deflationary aspect of their money can use it though. You can simply use your inflationary money that goes down in value, if you don't want to use deflationary "fake money", and people who instead want deflation in their "fake money", can use it because thats what those people choose to do.