Traditionally gold was not a good currency as it was deflationary and it encouraged people to hoard it.
Money is the life blood of an economy the more it circulates the better
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Traditionally gold was not a good currency as it was deflationary and it encouraged people to hoard it.
Money is the life blood of an economy the more it circulates the better
stable coin approach such as dai project appears to be very interesting . I think there will be an healthy competition between a lot of stable coin that will be good for the overall ecosystem, we need storage value , dapps protocol platform and stable coin in order for the economy to.blossom in the crypto world.
there won t be one coin which will be able to do all that by itself, I believe that inter operability between dapps ( Neo,eos, ven, eth...), storage value coin ( btc, ltc ,..) and stable coin ( dai, tether, ...) , payment ssystems ( lumens , omisego ..) will be the way this economy will grow.
let Free competition select the best systems !
Yes, coins in crypto economy will perform different function.
Quite true.
@safetony, it's a good point. None of the assets (gold, commodity, property, stocks, crypto) are a good currency because of their deflationary nature