this post was submitted on 20 May 2024
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I'm sorry, do you think inflation doesn't apply to prices just because they are using a different sign?
And remember, crypto is super stable 🙄
Inflation occurs when governments print money and so with these cryptocurrencies, at least the good ones, the amount that is printed is known in advance and will never exceed certain boundaries. So even though the greedy people may wish to print more for themselves, they cannot do it because the system will not let them. And right now the system is perfectly happy to let them and fuck everybody else.
That is such a poor understanding of how inflation works but I suppose it's par for the course when talking to a cryptobro
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