Quote from: wxa7115 on June 08, 2022, 06:32:19 PM

Quote from: laredo7mm on June 04, 2022, 06:13:28 AM

Quote from: 325btc on May 20, 2022, 06:23:33 PM

Plan to solve
Create usd or other stablecoin like eur or why not gbp...
And make big airdrop.
So everybody will get nice ammount

And exchangers will pay apy like 40-50% to hold

Its instant plan to remove poverty you print money

So you want to increase the circulation of money to remove poverty. The idea you are providing will cause more inflation in our economy. The price of goods will be higher because people will have a lot of free money in their hands which they will use instantly to store valuable items from the market. This will create shortages of goods supply than demands which will increase the price instantly.

If govt really wants to stable the economy then it should have focused on holding the PPP of its currency by increasing or decreasing cash from the circulation. But what govt doing is adding more paper cash in circulation. This will never solve the inflation problem.

Correct, and this is not a theory that we are formulating on our own, this is a historical fact, we have seen this scenario many times in which a government for some reason or another begins to increase the money supply to the point inflation goes out of control.

And things get so bad the only way they see for solving the problem is to keep printing money, but this is only a temporary solution as we know that the more money is printed the more inflation grows, and it gets to the point in which no one wants to hold fiat and some even begin to use barter as a way to exchange among them for goods and services.

I do not know if there is any proven formula for managing inflation or not but I saw a concept about elastic supply in the crypto space which got my attention. I think the theory is risky to implement in our economy but some crypto project is bringing this concept into their ecosystem to control the PPP rate of their token. Theoretically, it looks desirable but I am not sure if this will work or not.

Some will say this concept is like rebase token but it is not. There are many differences between them.