a thoughtful web.
Good ideas and conversation. No ads, no tracking.   Login or Take a Tour!
comment
user-inactivated  ·  3844 days ago  ·  link  ·    ·  parent  ·  post: If you think you know what 'debt' is, read on

Off-chain transactions would be bad for hoarders in your hypothetical cryptocurrency. Those gaming the currency would automate useless transactions to decrease supply and drive deflation, thus raising the value of their hoard.