Post
Topic
Board Altcoin Discussion
Re: The paradox of alt coin currencies
by
Ix
on 23/12/2017, 13:03:17 UTC
Economics 101 says it does. Thats why the difficulty needs to increase as the hash rate increases

A non sequitur to be sure. You pointed out yourself that digital currencies are essentially infinite, so what scarcity is there? None. (modern) Money is not a tangible resource, it is only a medium of exchange. Scarce resources will find their price on a supply and demand curve. Money sharing the same "scarce" property distorts the ability to find a price. There simply needs to be enough money - a stable or targeted supply.