"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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are you really quoting the notoriously Keynesian "the economist"?
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Replying to @MustStopMurad @cryptow1re and
absent governments to continuously print more, a free market would never converge around an inflationary coin. fixed supply would be the schelling point. picking an inflationary one is irrational.https://www.youtube.com/watch?v=WL9BHDEf0dI …
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It’s impossible to make such a strong statement. We really don’t know. The market may converge around a mildly inflationary currency if it’s a more widespread MOE. Nothing exists in a vacuum except for your theories.
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something volatile is NOT going to be widespread as an MoE. people prefer their day to day currency to be stable. That is why you need to saturate SoV+achieve lower volatility to get to MoE, or build a stablecoin. how is this not obvious stuff
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ETH is *already* proving that wrong. Billions were raised in ICOs in which indeed
$ETH was being used as an MOE (as was$BTC). People are still using it as an MOE despite volatility. It may not see widespread usage but both may develop simultaneously. It's really not hard to see.3 replies 0 retweets 2 likes -
Ethereum has a low probability of becoming a winner in SoV unless it gets its 7%-13% annual inflation under control.
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I don't know where you got 13% from. It's 7% and will drop precipitously after PoS. But I completely agree. That said,
$ETH opponents somehow think the community is naive to basic monetary policy. It's literally the dumbest thing I've ever heard.2 replies 0 retweets 2 likes -
Replying to @panekkkk @cryptow1re and
remind me what year is full PoS coming?
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you're delusional
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Aren't we all?
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some less than others ;)
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End of conversation
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