RE: Deleted

You are viewing a single comment's thread from:

Deleted

in ubi •  7 years ago 

You are missing that value is infinite, because we live in a process. Price is basically measured with supply-demand. When people get x money every month they want to spend it and that causes someone to sell for that same currency, which will create markets for that currency. Amount of money does not excactly measure a value, for example in a current FIAT-system money is just printed all the time, and still some goverments have been struggling with devalvation. If people don't spend then money becomes more spare regardless of amount of it, decreasing supply with same demand will obviously cause a devalvation.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

thanks. Need to think about it. Still not convinced. Getting tired. Speak next time.