Ah correct.
All this talk about stablecoins got me confused.
Still no idea why someone would want an unstable (deflationary = unstable downward) currency.
Ah correct.
All this talk about stablecoins got me confused.
Still no idea why someone would want an unstable (deflationary = unstable downward) currency.
It would definitely make people more frugal / responsible with their money.
Many people consider deflationary currency as having profoundly positive moral effects on the economy writ large. For example, people are more frugal and thus are more prone to “buy it for life”. Companies start competing on who makes the longest lasting product instead of the trendy thing with planned obselesence. Etc