Yes. But crypto allowing for controled inflation that is needed for borrowing at reasonable interest rate has not emerged yet.https://twitter.com/MustStopMurad/status/993906998898036736 …
People will still lend for things which they think can beat 3%/year riskless growth
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I have spent a lot of time figuring how to have three kinds of money (I. BTC = best store of value + transaction money II. Fiat like inflationary money/crypto for cheap lending III. Hyperinflation money used by governments instead of taxes) working together. Not easy.
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And yes, people can live and lend in 3% deflation, gold standard worked well with 1% deflation. But stable low inflation really is best for growth and lending and the question is if we can have money that work that way long term or is deflationary BTC our best bet.
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What do you think is single best reason why low stable inflation is better than fixed-supply?
End of conversation
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