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by qwytw 891 days ago
> permission of luddites

Right. Like sticking to the nonsense that was the gold standard.

Inherently deflationary virtual token make an objective horrible currency. Believing otherwise puts you on part with the flat earth people.
1 comments
npoc 889 days ago
> Inherently deflationary virtual token make an objective horrible currency

Why's that then?

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qwytw 889 days ago
Well.. it's perfectly obvious but I can spell it out:

Deflation significantly inhibits economic growth, making borrowing much more risky and would result in significantly more wealth inequality than we even have now.

Why invest into anything when you can just hoard money and get richer by not risking anything?

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