People can transfer money back and forth to one another (that is, increase velocity) without increasing any motivation for savings. That means that the value doesn't go up and you shouldn't buy more. Value is what makes people want to save.
Post by twetch#7355
- Exactly.
- I still think the idea of buying money is a problem.
- Exactly.
So, if Savings are low while Velocity is high, isn’t the inference that the Value is Inflated?
How can Velocity fix a problem it created without a market-wide Correction?
What the chain says
- Block
- 633 877
- Time
- 2020-05-07T19:41:36Z
- Signer
- 1J6h7Bex83EVCGvamT5LMVm9MECX4bSquW
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#7355
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1J6h7Bex83EVCGvamT5LMVm9MECX4bSquW Verified