Peercoin and Novacoin have gone up by 2,000% and 1,000% in the last year.
That's an annual inflation rate of -95% and -90%. Which is nuts for a currency.
Even during the great depression USD deflation was -10% max. In Japan, where deflation is a symptom of it's two lost decades, inflation was around -1%, and their central bank is throwing the kitchen sink to try to get it to 2%.
In short, if any of these currencies were widely adopted, it would devastate the economies of those who use it, because everyone would be stuffing their coin under the digital mattress instead of spending it on goods and services.
That's an annual inflation rate of -95% and -90%. Which is nuts for a currency.
Even during the great depression USD deflation was -10% max. In Japan, where deflation is a symptom of it's two lost decades, inflation was around -1%, and their central bank is throwing the kitchen sink to try to get it to 2%.
In short, if any of these currencies were widely adopted, it would devastate the economies of those who use it, because everyone would be stuffing their coin under the digital mattress instead of spending it on goods and services.