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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I have some ideas here, comes from our latest research.
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Chris let's say I fall in love with Storecoin as a SoV. I actually believe it will be a major SoV at go at least to 500B You launch at a $0.5B market cap valuation. Why would I spend Storecoin at all if I believe in it as a SoV before it has went up 1000x? Do you get the issue?:)
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Developers and Merchants will be saving 2.5% + $0.30 per transaction by accepting STORE. If you pay in STORE, they can discount your transaction by up to 2.49% and then pocket the rest. ;)
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But it's Holding (the longer the better) which is what makes currency accrue value. Spending doesn't make it accrue value, if anything, too much spending can hurt value accrual. And if believe it has potential for 1000x I'll hold on for dear life, not spend :)
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Inflationary properties incentivize spending for short term holders. Annual rewards up to 2% of the circulating token supply incentivize those same holders to stake their STORE to power/secure/scale/govern the protocol -- if they want to work. Optionality (and savings) for all!
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Replying to @cryptow1re @MustStopMurad and
Of course, we want to you to hodl and stake for the long-term -- bonuses for tenure and up-time shall be generouspic.twitter.com/4rIPV002Rc
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Got it. That makes sense
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We're starting to think through how long-term staked supply can be used in ways approximate to how banks use deposits. For protocols, use cases are stability, ecosystem growth, etc. Nothing official; just thinking about it.
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Replying to @cryptow1re @MustStopMurad and
We're designing through payments now. The goal of the design is to make it very explicit and simple for the merchant/developer to discount products if the user pays with STORE. In this environment, the merchant makes money accepting STORE and the user saves money paying in it.
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End of conversation
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