3 ms·
@nostrademons 1)the rate of inflation will be equal to takers/savers 2)the whole point of having the ability to have an printing press to everyone is to deva
by karmabank 12y ago
@nostrademons
1)the rate of inflation will be
equal to takers/savers
2)the whole point of having the ability to have an printing press to everyone is to devalue the concept of "time value" to discourage users from hoarding
3)ethical/ideal reasons mainly, sustainable growth vs debt-based growth
to clarify; I believe your question is mainly that what stops the users from cheating the system?
So there is 2 reasons,
A) we remove the incentive to hoard by devaluing the time-value of money, so theoretically if sally wants an car at the immediate time she theoretically can award her-self karma points to purchase the car at the spot, if sally is guaranteed to have an car at any point in the future will she have an need to store that car in her garage?
B)if there is an absolute information parity, then each vendor can also check the history of an potential consumer; if the consumer has an shabby history, then there are options no?