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I don't get how anyone can call something with an eternally-fixed quantity a currency. What's the plan for when it starts appreciating and people stop spending
by ineptech 3y ago
I don't get how anyone can call something with an eternally-fixed quantity a currency. What's the plan for when it starts appreciating and people stop spending it and start hoarding it?
- pessimizer 3y agoSell.
- sparkie 3y agoPrices drop.
- ineptech 3y agoWhy? If any currency is appreciating, people are incentivized to hold it, which has the effect of decreasing supply, and decreasing supply makes the price of something go up, not down.