Damus
frphank · 33w
Yes it's their fault because they don't offer a currency that allows for stable prices. The shops price in fiat because prices are relatively stable. Not perfectly stable of course, could be bette, b...
Twntyn profile picture
And again - how would you think a new monetary system would evolve?


You really think the way it would is Like:
„Here, I made this new Willynilly-currency: I will set the Price for 100g of bread to 10 Willynillys.“

And everything accepts this and a new currency is born? Really?
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frphank · 33w
No, you need to have network effects and a mechanism to control supply so that the amount in circulation roughly matches the goods and services on offer. This is really hard so only governments currently can do it.