"A hard supply cap or built-in deflation is not an inherent strength for a would-be money. A money’s strength is in its ability to meet society’s needs."https://www.economist.com/blogs/freeexchange/2014/04/money …
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Not really no. I can't separate the tech from its final form. Investors will start dropping if/when fees skyrocket / if LN fails / etc. Same goes for
$ETH with PoS and sharding. If PoS works, it decimates any concerns about minimal inflation. I've seen what PoS does to hodlers. -
I don't know how a
$BTC investor can look at PoS and not be terrified. Not only does inflation grease the wheels of spending but it increases its SoV. -
money is supposed to be a highly liquid reliably saleable good at a moment's notice, if you have to lock it up for a months-long period **simply not to have your wealth eroded away** then that hurts the immediacy and saleability of your chosen money. the rest are diluted
End of conversation
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