Post
Topic
Board Announcements (Altcoins)
Re: NEM Official Thread - Crowdsale has begun[Updates & Discussion]
by
nembit86
on 30/09/2014, 20:55:13 UTC
What does the rest think about this ? Inflation in NEM ? If it's a very small inflation it could be a good thing.

I haven't studied this at all.  

My guess is a very small amount might be okay.  

I don't think it will ever be okay.   Inflation is a tax on the poor.  All the new coins simply end up in the hands of the economic elite within the coin and existing holders are penalized.

There's a lot of inflationary coins out there (PoW and PoS) and most of them fail with time.  What's the point of cryptos as a store of wealth when I can open an account at Vanguard Investment and get 1%-2% return above inflation and it is almost guaranteed my money will be there in the next 12 months?

I think it's crazy that people think 1%-5% annual inflation is ok.  It's not OK for me to lose 25% of my wealth in 5 years so some crypto-elite can have more money.

TS is correct.
There need be no inflation.
Actually a healthy economy with fixed monetary supply should mean that purchasing power should increase over time for each unit and this
shouldnt have an adverse effect on total economy.