@[email protected] to [email protected] • 2 days agoAnon describes currencylemmy.worldimagemessage-square36fedilinkarrow-up1322
arrow-up1322imageAnon describes currencylemmy.world@[email protected] to [email protected] • 2 days agomessage-square36fedilink
minus-square@[email protected]linkfedilink13•2 days 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@[email protected]OPlinkfedilink2•2 days 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