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> permission of luddites Right. Like sticking to the nonsense that was the gold standard. Inherently deflationary virtual token make an objective horrible cur
by qwytw 3y ago
> permission of luddites
Right. Like sticking to the nonsense that was the gold standard.
Inherently deflationary virtual token make an objective horrible currency. Believing otherwise puts you on part with the flat earth people.
- npoc 3y ago> Inherently deflationary virtual token make an objective horrible currency Why's that then?
- qwytw 3y agoWell.. it's perfectly obvious but I can spell it out: Deflation significantly inhibits economic growth, making borrowing much more risky and would result in significantly more wealth inequality than we even have now. Why invest into anything when you can just hoard money and get richer by not risking anything?