Is there an example of an economic system with monetary inflation and deflation mechanisms being crowd-driven?
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@pmarca Online karma currencies have crowd-fueled inflation lever, but usually not deflation lever.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@vgr@pmarca Central bank based on older decentralized systems of credit (cf centralized email services, SMTP)pic.twitter.com/xlsz6in0Ew
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@vgr@pmarca ...and a very unusual form of crowd-driven deflation - eating the debtor https://ebooks.adelaide.edu.au/k/kingsley/mary/west/chapter8.html …pic.twitter.com/2RJ4IE1HV0
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