No seriously. I think this is worth to be discussed properly. There were all kinds of attempts to create honest money that had a built in devaluation to promote spending.
https://mises.org/library/free-money-miracle
Please comment on this Daniel @24
Post by twetch#678
imo Gilder is obviously right in that money cannot have a speculative value as it is the measurement of value and needs to exist in of itself.
and it is a FACT the ever expanding money supply encourages spending.
But we are getting keynisian here
What the chain says
- Block
- 623 384
- Time
- 2020-02-24T00:55:09Z
- Signer
- 1Nk1B6dbxxDSZYdFdWZncmtX7APquLfP8B
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#678
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1Nk1B6dbxxDSZYdFdWZncmtX7APquLfP8B VerifiedReplies (2)
inflationary cryptos like ETH and Monero still facing same problem with their emissions because it also trends to 0 over time
Holding is great. You should hold. A money that encourages holding doesn’t discourage all spending. It just doesn’t encourage conspicuous consumption. That’s a good thing.