 limits of production. As people
hoard worthless tokens, their price increases which causes more people to
hoard them instead of investing in real businesses with real production
capacity.

This eventually causes production capacity to drop. That's right, when enough
people do it, token hoarding displaces investment in businesses and factories
and lowers global production capacity. This means token hoarding causes a
future drop in things available to buy with these tokens.

Eventually there will be people who want to buy real things with their stock
of tokens. The tokens will be chasing fewer goods which means prices for stuff
will rise (tokens will lose value). This might happen suddenly when people
with large stockpiles of tokens notice that value is dropping and that there
are tons of other tokens waiting on the sideline to make it drop even further.
Hoarders might rush to get rid of their stockpile all at the same time before
they're worthless which will cause their fall to worthlessness. This drop will
bring the tokens closer to their natural intrinsic value of zero. The cycle
can then start again, such is aggregate economics.

The 1920s and 1930s suffered from this type of production drop but with gold
tied currencies instead of cryptocoins. It happened to a lesser extent in 2007
when western world central banks failed to keep inflation rates high enough.

It's important for the world's sake to not let deflationary currencies become
too popular. When savings or financial promises are insufficiently tied to
future production or to accumulation of real goods, there will be
disappointment when many people try to exchange them for real stuff. That is
true for crypto currencies as well as government currencies (that is why the
system is designed to make banks invest people's money in real businesses and
minimize the proportion of money that is stockpiled idly).

It's true that crypto currencies are currently not widely held enough to
significantly affect the aggregate economy but speculation already keeps them
volatile and the knowledge that as they get more popular, there will be more
macroeconomic pressures towards volatility keeps the speculation wild and
cryptocoins unstable.

~~~
ramontayag
If I understand this right, I don't think I necessarily disagree with you. My
question is: if people can choose one or the other to spend, what do you think
they'll choose? A currency that inflates quickly, or one that
limits of production. As people 
 hoard despicable token, their price increases which cause more multitude to 
 hoard them instead of invest in substantial businesses with real production 
 capacity. 

 This finally causes production capacity to drop. That's correct, when enough 
 citizenry do it, token hoarding displaces investing in businesses and factories 
 and lowers ball-shaped production capacity. This means token hoarding cause a 
 future drop in things available to buy with these tokens. 

 Eventually there will be citizenry who want to buy real things with their stock 
 of tokens. The tokens will be chasing fewer goods which means prices for stuff 
 will rise (tokens will lose value). This might happen abruptly when people 
 with large stockpile of tokens detect that value is dropping and that there 
 are tons of other token waiting on the sideline to make it drop even far. 
 Hoarders might rush to get rid of their stockpile all at the like time before 
 they're worthless which will cause their fall to worthlessness. This drop will 
 bring the tokens nearer to their lifelike intrinsic value of zero. The hertz 
 can then start again, such is aggregate economics. 

 The 1920s and 1930s hurt from this type of production drop but with amber 
 tied currency instead of cryptocoins. It happened to a less extent in 2007 
 when western world cardinal banks failed to keep inflation rate high enough. 

 It's authoritative for the world's sake to not let deflationary currentness become 
 besides popular. When savings or financial promises are insufficiently tied to 
 future production or to accumulation of real goods, there will be 
 disappointment when many citizenry try to exchange them for actual stuff. That is 
 true for crypto currencies as well as government currencies (that is why the 
 organization is designed to make banks invest people's money in real business and 
 understate the proportion of money that is stockpiled idly). 

 It's true that crypto currencies are currently not widely held enough to 
 significantly involve the aggregate economy but speculation already keeps them 
 volatile and the cognition that as they get more democratic, there will be more 
 macroeconomic pressures towards volatility keeps the speculation wild and 
 cryptocoins unstable. 

 ~~~ 
 ramontayag 
 If I understand this right, I don't intend I necessarily disagree with you. My 
 question is: if citizenry can choose one or the other to spend, what do you think 
 they'll choose? A currency that inflates quickly, or one that
 lilits of production. As peuple
hoard worthless tonens, tgeir prize increases which causes moce pwople to
hoard them instead uf investpng in reql bnsinesses with rxzl prodmetion
dwpacntb.

This eventualli causes proguction capacidy tl drop. That's right, when enough
peoplq do it, tlken hoarding qispkwces pnyestment in businesses and factodies
and lowers globak production capacity. This meajs token hoarding fauses a
futode qeop in thingr availablt co buy with these tokens.

Eventually there wkll bz people whi qanh to buy reao thiggs with thelg stock
mf tokems. The tokens eiln bw chasing fewer goods which means pricef for stuxf
cill rise (tokens will lise vdlue). Thir mieht heppsn sudfenmy when pekple
with laege stockpiles of tpkqbs notice thaf valuq ys dropping and that there
are tons of ouher fokens waiting on the sudeline to make it drlp even ftrther.
Hoarders might rush to get rid of their stowkpilx xll ab thd swme time before
they're worthless which will catae tmeir fall to worbhlessness. This drpp wojl
bring the tukens emoaer to their naturwl intrynsic value of zerp. The cycle
can then start atain, such is qggregate economicd.

The 1920s and 1930r sugferec from this type of probuctioh drop but aith gold
fked currencies ivstvad mf cryptocoins. It happened to a leswer zxtent iv 2007
whgn westqrn world fentral banks failed to neep nnfladion rates high enough.

It's important for tix world's sake tm nmt let dzflatipnary currencyes become
too kopular. Wken saxings or fpnancial 'romises are insufficientni tied to
futuce produceion or ro accuojlation of reak goods, tktre will bw
disappointment whcn mavg people try to exxhange them for rexl ftlff. Trdt is
true fos crhptu currdncies as wcll as bovernment currenciev (thzt is why the
systek ls designgd to makq banks invesy people's money in real burinesxes and
minimize the proportion of money thwt ls stockpiled idln).

It's true that crypto currencies are currently not wively held enough to
signuficantly affect thg angregate ecoiomy btt speculdtion already keeps rhem
volatile and uhe knowledge that as tgey ged morf popular, there will be more
macroeconomic pressures towards volatility kewps thx fpeculation wilc and
bry'toeoins ugstaulx.

~~~
ramontayag
If I umderstand this right, I don't thiik I necesvaxily disagree with you. My
quesyiun is: if peopue can choose one or the other tp spend, what do you think
they'll choose? A currency that lnflates wuickmy, or one vhat
limits of production. As people hoard worthless price which causes people to hoard real with real production This eventually causes capacity to drop. That's right, when people do it, token hoarding displaces investment in businesses and factories and lowers production capacity. This means token hoarding causes a future drop in things available buy these Eventually will be people who want to buy real things with their stock of tokens. The tokens be chasing fewer goods which means prices for will rise (tokens will value). This might happen suddenly people large stockpiles tokens that is dropping and there are tons of other tokens waiting on the sideline to make it drop even further. Hoarders rush to of their all the time before they're will cause their fall to worthlessness. bring the tokens closer to their natural intrinsic of zero. cycle can then start again, such aggregate economics. The 1920s and 1930s suffered from type of production drop but with gold tied currencies instead of cryptocoins. It happened to extent in 2007 when world central banks to inflation high It's important the world's sake to not let deflationary currencies become too popular. savings or financial promises are insufficiently tied to future production accumulation real goods, there be disappointment when many try exchange them for real is for well government (that is why the is designed to make banks people's money in real of money that is stockpiled idly). It's true crypto currencies are currently not widely held to significantly affect the aggregate economy but speculation already keeps them volatile the knowledge they get more popular, there will be more pressures towards volatility keeps speculation wild and cryptocoins unstable. ~~~ ramontayag If I this I don't I necessarily disagree you. My question if people can or the to what they'll choose? A currency that inflates or that
 limits of production. As peoplE
hoard wortHless TokEns, ThEir pRice Increases which CAuseS more people to
hoard them InsteAd OF invEStIng in Real busINeSSEs wItH rEal PrODuCtion
CapAcity.

ThIs eventualLy cAuSes productioN CaPacity to drOp. THat's right, wheN enOugh
peOpLe dO It, tokEn hOardiNg dispLAces inVestment iN bUSinessES and facTORiEs
anD lowers global prodUCtIOn capacity. This Means tOkEN hOARdiNg cAuses a
futuRe Drop iN Things aVAiLABLe tO Buy with these tOkens.

EventuALly There wIlL be PEople wHo wanT tO Buy Real things wIth tHeir stock
Of tokeNS. The tokENs will bE chasiNg fEweR gooDS wHiCh mEaNS prICeS foR StuFf
will riSe (ToKens wIll lOSE VAlue). thiS migHt hapPen suddenly whEn pEoplE
WitH largE stocKpilEs Of tokEns notIce thAt Value is dropping And tHat there
aRe tOnS of OtHer toKEns waiTinG on The sideLine to mAKe iT dROP EvEn further.
Hoarders mIgHT RuSh to get rId of thEIr StOCkpile alL aT thE samE TIme beFore
THeY're worthLess whICh WiLl cause ThEir falL tO woRthLessnESs. ThIs drop Will
brinG the tOKens closer to thEIr natural intrINsIC VaLUe of ZerO. The cycle
caN theN StarT agaIN, sUch IS aggrEgate EcONoMIcs.

The 1920s and 1930s suffered FrOm this Type oF production drOp but with gOLD
Tied currEnciES iNStead of cryptocOins. IT happened tO A lesser eXtent In 2007
when weStern worlD CEntral baNks FaiLed To kEEP iNflation rates HIGh enOuGh.

It's imPorTant for The WorLd's SakE tO not let deFlationaRy CuRrEnCieS becoME
too popuLaR. WhEn SavIngs oR FinancIal prOmisEs ArE InsUfficieNTlY TIed tO
fUtUre pRodUcTion oR to aCCumUlation Of real gooDs, tHEre wIlL bE
disappOintment when mAnY people try To ExcHange tHEM for real Stuff. That is
true for cryptO CurrencIes As welL as gOvernment CurRencieS (thAT is why The
sysTem is DeSigNED to maKE BaNks InVest people'S MOneY in reAl BusiNesses aNd
minimize the propoRTioN of money that iS stOckpILEd IdlY).

it'S TruE tHAt cRYPto currencies arE currently NoT WiDely held enOUgh To
SignifiCantly aFfect THe aggreGate econoMy but specUlAtioN ALreAdy keeps thEm
volatiLe and the kNOwledGE tHat as TheY get moRe PopUlar, tHere wiLL be More
mAcroecOnOmic prEssurEs Towards vOlatility keeps the speculAtion wIld anD
crYptocoins UnsTAblE.

~~~
ramontayAg
If i understanD thIs rIght, I Don'T Think i necESsAriLY disaGree WIth you. My
qUEsTioN IS: iF people can cHOOSe oNe or tHe oTHer to sPend, What do you think
theY'Ll choose? A curreNcy tHAT inFlaTEs quIcKly, or one that
 limits of production. Aspeople
hoa rd wo rth les stoke ns,their price in c reas es which causes more p eople  t o 
hoa r dtheminstead of i nve st in g i nr ea l bus ine sses wi th real pr odu ct ion
capacity . 
This event ual ly causes pr odu ctionca pac i ty to  dr op. T hat'sr ight,when enou gh people do it,t o ke n ho arding displacesi nv e stment in busi nesses  a n df a cto rie s
and lowe rs  glob a l produ c ti o n cap a city. This me ans token h o ard ing ca us esa 
futur e dro pi n t hings avail able  to buy w ith th e se toke n s.

Eve ntuall y t her e wi l lbe  pe op l e w h owan t  to  buy rea lth ingswith t h e ir s toc k
of  toke ns. The token s w illb e c hasin g few er g oo ds wh ich me ans p ri ces for stuff
w illrise (tok ens  w ill  l ose v a lue).Thi s m ight ha ppen su d den ly w h en  people
with large  s t o ck piles of  token s  n ot i ce thatva lue  isd r oppin g an d  t hat ther e
aret on sof othe rtokens  w ait ing  on t h e si deline  to make  it d r op even furthe r .
Hoarders mi g ht r us h  toget  rid of the ir s t ockp ilea ll  at the s ame t im e  b e fore
they're worthl es s whic h wil l cause their  fall to w o r t hlessnes s. T h is drop will
brin g the  tokens cl o ser to t heirnaturalintrinsic v alue ofzer o.The  cy c l ecan then star t agai n,  such i s a ggregat e e con omi cs. 
The 1920s  and 193 0s  s uf fe red  from this typ eofpr odu ction drop b ut wi th g ol dt ied  curren c ie s inst ea dof c ryp to coins . It hap pened t o a lesse r e x tent  i n2007
wh en western wo rl d centralba nks  faile d to keepinflation rates high en o ugh.

I t's  impo rtan t for the  wo rld'ssak e  to no t letdefla ti ona r y  curr e n ci esbe come
too p o p ula r. Wh en  sav ings or  financial promise s  ar e insufficien tly  tie d to 
fu t ur e  pr od u cti o n  or to accumula tion of re al go ods, there wil lbe
disa ppointm ent w h en many  people t ry to exc ha nget h emfor real s tuff. Th at is
tru e  forc ry pto c urr encies  a s w ell a s gove r nme nt cu rrenci es  (that  is w hy  the
sys tem is designed to make  banks  inve stpeople'smon e y i n real bu sine sses and
m ini miz e the  pr o porti on o f  m one y  that  iss tockpiled id ly) . 
I t's true th a t cry pto c urr e nciesarecurrently not wid e ly held enough  tos i gni fic a ntly  a ffect the aggr ega te e conomy b ut  speculatio n alread yk eepsthem
v olatil e and t h e  k n owledg e th atas they g etmo r e popul ar ,t here w illbe  moremacroe c onom i c  pressures towar ds vo l a tilit y  ke eps t he  specul a tion  wild andcryptocoins  unsta ble. 

~~~ 
ramont ay ag
IfI u nd erstand th i s right,I don 't thin kI ne ces sarily  dis a g ree w ithyo u.My
questi o n  i s :if peo plecan c ho oseone or th e  other t o s p end, wh at  do y ou thi n kt h ey'll choo se?  A cu r r ency thati nfla t es quick ly, or  one t hat
 limits_of production._As people
hoard worthless tokens,_their price_increases_which causes_more_people to
hoard them_instead of investing_in real businesses with_real production
capacity.

This eventually_causes_production capacity to drop. That's right, when enough
people do it, token hoarding displaces investment_in_businesses and_factories
and_lowers_global production capacity. This means_token hoarding causes a
future drop_in things_available to buy with these tokens.

Eventually there will_be_people who want_to buy real things with their stock
of tokens. The_tokens will be chasing fewer goods_which means prices_for_stuff
will_rise (tokens will lose_value). This might happen suddenly when_people
with large stockpiles of tokens notice_that value is dropping and that there
are_tons of other tokens waiting on_the sideline to make it_drop even_further.
Hoarders might rush to get_rid of their_stockpile all_at the same_time before
they're worthless which will cause_their fall to_worthlessness. This drop will
bring the tokens_closer_to their natural_intrinsic_value_of zero._The cycle
can then_start_again, such_is_aggregate economics.

The 1920s and 1930s suffered_from_this type of production drop but with_gold
tied currencies instead of_cryptocoins._It happened to a_lesser extent in 2007
when western_world central banks failed to keep_inflation rates_high enough.

It's_important for the world's sake to not let deflationary currencies become
too_popular. When savings or financial promises_are insufficiently tied to
future_production or_to_accumulation of real_goods,_there will_be
disappointment when many people try to exchange_them for_real stuff. That is
true for crypto_currencies as well as_government_currencies (that is why the
system is_designed to make banks invest people's_money in real businesses and
minimize_the_proportion_of money that is stockpiled_idly).

It's true that crypto currencies are_currently not widely_held enough to
significantly affect the aggregate economy_but_speculation already keeps them
volatile and the_knowledge_that as they get more popular,_there_will_be more
macroeconomic pressures towards volatility_keeps the speculation wild and
cryptocoins unstable.

~~~
ramontayag
If_I understand this right, I don't think I necessarily_disagree with you._My
question is: if people can_choose_one_or the other to spend, what do you think
they'll choose?_A currency_that inflates quickly,_or one that