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by flyval
1263 days ago
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I think you’re really confused about inflation. The central bank doesn’t control inflation. Saying your currency is inflation proof doesn’t make sense, because you have no control over that. Inflation is caused by the market valuing the currency less than it had before. For example, if people don’t trust you, your currency will undergo inflation. Also, I see a lot of claims about metric dc being linked to MEUs but no explanation of what maintains the peg. You can’t just claim the peg, you have to enforce it somehow. Even the bank of London couldn’t do that in adverse conditions (https://www.investopedia.com/ask/answers/08/george-soros-ban...) |
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There are no pegs, and especially no pegs to any other currency. It's a free floating currency, but the money supply is capped to the number of verified users/accounts.