Thanks for encouraging post! Question: if CUB doesn't have a limited supply, doesn't it go against the rule LIMITED SUPPLY-LIMITLESS DEMAND (which is one of the most important rules for cryptocurrency to be successful)?
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Thanks for encouraging post! Question: if CUB doesn't have a limited supply, doesn't it go against the rule LIMITED SUPPLY-LIMITLESS DEMAND (which is one of the most important rules for cryptocurrency to be successful)?
Posted Using LeoFinance Beta
I think the opposite. I believe that networks that do not manage inflation well will forever be volatile and difficult to stabilize. The only way to create a good currency is to stabilize the value of tokens with proper management of the inflation rate. Any token with a supply cap can't accomplish this by design.
Inflation has been thought of as a bad thing for quite a while now, but eliminating inflation is not important: all that matters is who controls the inflation. With crypto: stakeholders control the inflation, so comparing that to a central bank is impossible.
Yes, it's crucial that stakeholders have more control in crypto but wouldn't we eventually run out of investors if the coin just keeps inflating indefinitely?
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We don't need investors we need to build value from within.
This is a brand new economy.
Investors can only go so far.