Hacker News new | ask | show | jobs
by espadrine 1371 days ago
> If there was some crypto without any incentives of hodling long term, I'm sure the adoption would be higher

Interestingly, that is also the analysis that most central banks make. Their monetary policy sets a positive target inflation rate for this exact goal.

However, that monetary policy is often a large part of why people use Bitcoin.

1 comments

Should do what Switzerland has been trying to do. Negative interest rates to punish those who are hodl the Swiss Franc.
Then it wouldn't be a free currency anymore, and that's a tenet of crypto (whether real or only promised, the mileage may vary).
I have a hard time with left leaning economics if only because they revile "consumerism" but their policy prescriptions, in practice, make it impossible to do anything but consume.

The demonization of "hoarding" is basically an endorsement of consumption. Of course, they then regulate your consumption.

You could see how people resent the micromanaging of their lives.