They had a very high inflation model and it worked out badly
In theory market forces should balance these things out perfectly, but in practice the market isn't frictionless and has its own inefficiencies, transaction costs and biases
Generally the crypto crowd are very against inflation.
They had a very high inflation model and it worked out badly
In theory market forces should balance these things out perfectly, but in practice the market isn't frictionless and has its own inefficiencies, transaction costs and biases
Generally the crypto crowd are very against inflation.