Post
Topic
Board Economics
Re: Inflation and Deflation of Price and Money Supply
by
mattmcegg
on 25/07/2018, 23:46:57 UTC
It is very interesting your article, there is not a bad way to express it, it is well defined, currently the economy is not very stable.


Crypto economy is unstable, as for traditional economy - that one is steadily bad.

Why compare it with the traditional economy? These are phenomena of different orders ..

Most of the rules of traditional economy also work in cryto, so it is perfectly normal to compare them.

You're right, they follow similar patterns. In fact, I'd even dare to say that crypto has more natural patterns than the real economy because it's not being manipulated by arbitrary forces. No central banks printing money, jawboning currencies, or fiddling with interest rates. Just a system of exchange the way it should work.

Sure, there are speculators that drive it in every which direction, but that's just the truth for anything novel in human existence. We love new ideas, so we all jump on them at once until they're so overcrowded that we all fall off. Isn't it fun!

Absolutely true about Bitcoin being more natural. That's why we see fractal patterns in Bitcoin.