The Cantillon effect: "the first ones to receive the newly created money see their incomes rise, whereas the last ones to receive the newly created money see their purchasing power decline as consumer price inflation comes about." https://mises.org/library/how-central-banking-increased-inequality … https://en.wikipedia.org/wiki/Richard_Cantillon …
-
Do you find some analogies between Cantillon effect and bitcoin or bcash mining?
Miners are essential to a POW cryptocurrency, fiat Cantillon effect beneficiaries typically are not. Also miner rewards and fees are explicit and public, Cantillon benefits and penalties are tacit and usually ignored, but not less real for being so.
