With the upcoming merge of Ethereum to proof of stake there’s a lot of talk about how it *may* become deflationary, like Bitcoin.
Why is this important? Most things in this world are not deflationary. More money gets printed every day. More gold is discovered and dug up every week.
I can’t think of an asset class that is truly deflationary, so what’s the big deal?
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You don’t want a form of money to be deflationary, because in order for money to do the things that we like money to do, you need to encourage people to spend it. If it’s deflationary, then it’ll always be worth more tomorrow then today, which ends up discouraging people from using it.
If you’re treating the coins as an investment, then w/e, but if you actually are part of the crypto fans that genuinely want crypto to be a real currency, it’s an immense problem.
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