"HODL culture" is inevitable with a monetary system that has a hard cap in the number of monetary units. It's built into the incentives.
A maximum deflationary environment is NOT in the best interest of human flourishing.
"HODL culture" is inevitable with a monetary system that has a hard cap in the number of monetary units. It's built into the incentives.
A maximum deflationary environment is NOT in the best interest of human flourishing.
add the “NGU Culture” to this and end up with human stagnation.