1 upvotes, 1 direct replies (showing 1)
View submission: Don't invest recklessly
Yeah prices would go up and people would start hoarding money. Maybe someone should start an currency pegged to growth or GDP. Pegged to # of transactions??!?!
Comment by [deleted] at 30/11/2017 at 16:38 UTC
1 upvotes, 2 direct replies
Some people would, sure. But they'd still have bills to pay, food to buy, etc. People hoard money in this world already, and the ones who hoard the most tend to be very productive people. They don't just quit their jobs and retire; they pursue their dreams.
I see no negatives at all.
PS: bitcoin is technically inflationary, it only becomes deflationary if people lose more coins than are minted in a year.