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Early_To_Risa@sh.itjust.works

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Anon describes currency (infosec.pub)

submitted 2 months ago by Zenoctate@lemmy.world to c/greentext@sh.itjust.works

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[–] sugar_in_your_tea@sh.itjust.works 13 points 2 months ago (1 children)

That's... not how that works. It runs on supply and demand, just like gold backed currency, but it's supply and demand for the currency instead of the underlying asset. If you want to control inflation/deflation, fiat is the way.

[–] Zenoctate@lemmy.world 2 points 2 months ago

Well I didn't really gave much of a thought when writing. I was narrowminded. This makes sense