Liraal

Liraal t1_jeh1ffq wrote

Generally our economy is tuned to expect money remaining in circulation (i.e. being re-invested). Under deflation, said money stays under your bed instead since it appreciates faster than it would if you were to invest, new companies are not created, old ones cannot get loans or funding and everything generally grinds to a halt. An economy structured around stable performance probably wouldn't struggle that much with this, but that is not the economy we have.

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Liraal t1_ixpydd8 wrote

It's actually funnier than that - most if not all cryptocoins don't have escrow or exchange mechanisms built in, only give/send, at most swap for other crypto. If someone goes on a forum and asks for "paypal for XXX $ElonCumRocket," there is absolutely 0 guarantee of not getting stiffed, without a trusted 3rd party that they explicitly reject. Absolutely hilarious when you consider this.

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