AnarchicCluster
Well-known member
Hello economists of darkcointalk, I wonder what is your opinion on deflationary currencies. In the current fiduciary monetary system, an inflation at 2% seems to be some sort of rule of thumb for most central banks. Darkcoin and many other cryptocurrencies are deflationary what means that they will slowly gain in value as economy around them grows bigger and bigger. I personally believe that because the supply is governed by an algorithm and is absolutely predictable, markets should be able to adjust even in spite of certain level of price stickiness.
On the other hand, inflation incentivise people to spend their money instead of holding on to it. In theory, that should speed up the development of the economy.
What do good people of darkcointalk think?
On the other hand, inflation incentivise people to spend their money instead of holding on to it. In theory, that should speed up the development of the economy.
What do good people of darkcointalk think?