So basically it could help combat our blatant consumerism as well? Seems like a win to me
Nhaa fuck crypto. At least the crypto that are actually popular. Shit like bitcoin and ethereum are deflationary. And why the fuck would you spend money if there’s a good chance your money is worth more tomorrow?
SufferingSteve@feddit.nu 1 day ago
MiddleAgesModem@lemmy.world 1 day ago
if we’re talking one-off transactions, this is no problem. You simply get enough crypto for your purchase and spend it. You don’t invest all of your money in it and you can circumvent the Visa/Mastercard garbage.
themachinestops@lemmy.dbzer0.com 1 day ago
I believe monero has protections to prevent this. All transactions are secret.
MBech@feddit.dk 1 day ago
How would secret transactions make a the coin not deflate? The issue is control of the production of the currency. If you can’t control it, it’s a cointoss wether it’ll be infaltionary or deflationary. A lot of inflation is bad, and any deflation is catastrophic, so I’d really rather not leave the economy up to random chance and private entities’ willingness to control the production of their shitcoins.
themachinestops@lemmy.dbzer0.com 19 hours ago
It wouldn’t help much with inflation, but it wouldn’t fluctuate as much as bitcoin. It is relatively stable.