Thanks! Yeah, I don’t imagine that a currency that deflates will be used for everyday payments like salaries. Stablecoins or fiat seem more appropriate for that. But that doesn’t undercut the worry that a currency that deflates may be preferred over reinvestment and hence stall innovation – the scenario I sketch above. Or does it?
Thanks! Yeah, I don’t imagine that a currency that deflates will be used for everyday payments like salaries. Stablecoins or fiat seem more appropriate for that. But that doesn’t undercut the worry that a currency that deflates may be preferred over reinvestment and hence stall innovation – the scenario I sketch above. Or does it?