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.
MBech@feddit.dk 17 hours 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 1 hour ago
It wouldn’t help much with inflation, but it wouldn’t fluctuate as much as bitcoin. It is relatively stable.