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DINKDINK | 4 years ago

All economic goods experience production pressures when their replacement costs are lower than their market prices. When the marginal production costs of a money is effectively 0 and the market price for new money is >0 (Seigniorage), the long term supply will tend towards infinity. Hence money systems have developed with competitive Seigniorage; e.g. producing marginally more money is in direct competition acquiring the money from a private owner (bitcoin).

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