1110b. Fixed supply cryptocurrencies may be impossible. — @nic__carter
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Exactly
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But I'm being a tad hyperbolic. It's different because taxes are denominated in Fiat and the processes of regulating supply is never static.
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Fiat USD is 'backed' by the requirement that every nation-state on Earth must always be buying USD in order to buy oil from Saudi Arabia. Since every country needs oil, every country needs to always be buying the 'USD dip'. This is the only 'stable currency' peg I will trust.
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That's the first type of asset backed token I'd make. But USD is also very infationary. With crypto you could create other interesting asset backed currencies or baskets of them that don't really exist yet and might be better hedges for different things.
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1/ I'm happy with 1-3% Inflation per year of USD- it incentivizes people to spend, which incentivizes people to create business, which incentivizes those businesses to create jobs.
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In a free market, not a monopolistic one, the winning money would have as close to 0% inflation as possible. On a long term time horizon, It is simply irrational to hold a money-form whose supply can be arbitrarily increased. http://www.truthcoin.info/blog/deflation-the-last-word/ …
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1/ This isn't about our unmoving Stablecoin views, so I'll respond.
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2/ I haven't read any blogs on the topic, but the Information in my brain says I agree with that. The closer to 0% inflation, while still retaining the 'spend/invest now or lose your purchasing power' is better & better for the economy.
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LD2 is by silver
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