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by DennisP 1716 days ago
Not more demand but stable demand. Transaction demand growth is still vigorous, as any look at gas prices can verify. I'm just saying Hayek might be right, if the underlying GDP is reasonably stable as he assumed.

But fine, I'll admit I have little to go on. Are you willing to admit the same? Because you're even further from the actual data so far.
1 comments
chii 1716 days ago
> Not more demand but stable demand.

as in, demand for using crypto as a transactional currency, rather than as a speculative asset right?

The demand that is unstable is because it is driven primarily by speculation. There's very few commodities being exchanged via crypto.

So to reach stable demand, crypto must be a currency that is used for non-speculative transactions (such as buying groceries, or buying oil from countries). I don't see that happening any time soon tbh, except for may be countries that are trying to escape USA sanctions.

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DennisP 1716 days ago
Correct. It certainly won't happen before the next step in scaling. I will mention that transactions on Ethereum are not primarily speculations on the currency itself.

...So apparently you will not admit that there's little evidence to support your hyperinflation theory.

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