@Zenoctate@lemmy.world to Greentext@sh.itjust.works • 1 month agoAnon describes currencylemmy.worldimagemessage-square34arrow-up1371
arrow-up1371imageAnon describes currencylemmy.world@Zenoctate@lemmy.world to Greentext@sh.itjust.works • 1 month agomessage-square34
minus-square@sugar_in_your_tea@sh.itjust.workslinkfedilink14•1 month agoThat’s… not how that works. It runs on supply and demand, just like gold backed currency, but it’s supply and demand for the currency instead of the underlying asset. If you want to control inflation/deflation, fiat is the way.
minus-square@Zenoctate@lemmy.worldOPlinkfedilink2•1 month agoWell I didn’t really gave much of a thought when writing. I was narrowminded. This makes sense
That’s… not how that works. It runs on supply and demand, just like gold backed currency, but it’s supply and demand for the currency instead of the underlying asset. If you want to control inflation/deflation, fiat is the way.
Well I didn’t really gave much of a thought when writing. I was narrowminded. This makes sense