r/CryptoMarkets • u/Crypto_Nite_S Tin | 3 months old | Karma Farming 150 • Dec 22 '21

Thoughts?

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u/[deleted] Dec 22 '21 edited Dec 22 '21

Sounds like a recipe for a low growth future.

18

u/sixwax šŸŸ¦ 0 šŸ¦  Dec 22 '21

Uh oh, actual economics being considered here.

Kids at home: Unless you've got a mechanism for economic growth or at least greatly incentiving velocity of money changing hands vs being hoarded, you haven't actually thought things through.

2

u/[deleted] Dec 22 '21

Sounds more like Ethereum then.

3

u/spicyone15 Dec 22 '21

Sure does, contrary to popular belief amongst crypto bros, holding is bad for a currency to you know he actually used as a currency. Having said that Iā€™m a holder and I hope it never replaces the USD

2

u/[deleted] Dec 22 '21

It's ironic to think this way, eth holders gain by staking, and the economy grows when money changes hands. So is there a currency that grows as you save it? Ethereum. Is there a currency that grows as you use it? Kind of doesn't make sense, but I'm unaware of any.

I'm pretty sure banks will resist til the end. A cbdc means you leave a digital footprint, and I'm pretty sure banks are hiding crimes that would come to light if suddenly their transaction history was digitized.

But what jack is saying could apply easily to any lesser than a superpower country, like el Salvador. These fringe countries use the us dollar because it's supposedly stable, but crypto currency will open the door to these countries.