Zenoctate@lemmy.world to Greentext@sh.itjust.works · 2 months agoAnon describes currencylemmy.worldimagemessage-square34fedilinkarrow-up1371arrow-down141
arrow-up1330arrow-down1imageAnon describes currencylemmy.worldZenoctate@lemmy.world to Greentext@sh.itjust.works · 2 months agomessage-square34fedilink
minus-squaresugar_in_your_tea@sh.itjust.workslinkfedilinkarrow-up14arrow-down1·2 months 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-squareZenoctate@lemmy.worldOPlinkfedilinkarrow-up2·2 months 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