What happens if more and more people hold on to a crypto? What remains liquid, seems to be more and more valuable, which may cause some to sell out, but also may cause hoarding and further instability. One way to deal with this is to support and encourage investing. Another solution is to create enough new money to keep the market-gears oiled.
Should we have to use, for a currency, something which is constantly fluctuating and traded? Every time a currency's price is manipulated up or down, or just fluctuates, traders can make income by selling and buying, but it is the every-day user that pays.
I bought and used Bitcoin, but in the process I ended up losing about 10% of my US dollar value, even though the price has ultimately gone up these last few months. This would be impossible with a level or stable currency.
What happens if more and more people hold on to a crypto? What remains liquid, seems to be more and more valuable, which may cause some to sell out, but also may cause hoarding and further instability. One way to deal with this is to support and encourage investing. Another solution is to create enough new money to keep the market-gears oiled.
Should we have to use, for a currency, something which is constantly fluctuating and traded? Every time a currency's price is manipulated up or down, or just fluctuates, traders can make income by selling and buying, but it is the every-day user that pays.
I bought and used Bitcoin, but in the process I ended up losing about 10% of my US dollar value, even though the price has ultimately gone up these last few months. This would be impossible with a level or stable currency.
quoted from http://k0in.com/