Comment on Anon describes currency
sugar_in_your_tea@sh.itjust.works 2 weeks agoThat’s… not how that works. It runs on supply and demand, just like gold backed currency, but it’s supply and demand for the currency instead of the underlying asset. If you want to control inflation/deflation, fiat is the way.
Zenoctate@lemmy.world 2 weeks ago
Well I didn’t really gave much of a thought when writing. I was narrowminded. This makes sense