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#1489
But saving isn't necessarily hoarding cash, right? Usually it is not.
What the chain says
- Block
- 633 887
- Time
- 2020-05-07T20:19:34Z
- Signer
- 1G7DLq695juhR7QFz5jn1AaXH55Hxn4kZS
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#1489
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1G7DLq695juhR7QFz5jn1AaXH55Hxn4kZS VerifiedReplies (2)
Yes savings means the amount you hold in cash.
This is fair. What are some other forms of saving?