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Only one of the uses I mentioned is harmed by inflation. Transactions don’t require me to hold a long position in USD and inflation would be in my favor if I’m
by reducesuffering 4y ago
Only one of the uses I mentioned is harmed by inflation. Transactions don’t require me to hold a long position in USD and inflation would be in my favor if I’m holding USD debt. That just leaves USD bank interest, which has the strongest case for it out of any, because ETH and all cryptos lost much more value this year, if you were lucky enough to not be in the 50% holdings where your “account” was fraudulently wiped out a la FTX and BlockFi.
ETH is also inflationary… Both of your provided charts show large currency issuance and only very slight recent drawdowns.
As I expected; a whole bunch of buzz words and given the chance to produce a single real example, no actual use case for the 99.8% consumer.