Study of currency value increase
a. How to encourage the use of currency?
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Who wouldn't want to pay for their favorite food or drink with Croc's?
any comments.................................................
I've got a few quibbles and reflections on this... As some background (and to provide context), I'm somewhat of a relative newbie in the cryptospace (only buying my first bit of BTC back in June 2016 e.v. and starting to read up and delve into alts only back in May of this year). I've however been very into gold, silver, and palladium for at least eleven years. Also, as a resident in one of the predominant "Anglo-sphere" countries that is among the "Five-Eyes" (
https://en.wikipedia.org/wiki/Five_Eyes ... think Soviet-Bloc East German surveillance with a happy-face or with lip-service/disinformation/the trappings of human-rights and liberty), it's in my long-term self-interest to report to tax authorities when I've had a capital gain on a crypto and also report as income anything that I've mined -- and not attempt to hide these (even though I'm also openly interested in privacy-coins such as Spectre and Monero as I think people can be ethical but most states rarely are at their coercive/duplicitous core).
So... it makes much more sense (to me) to keep a crypto as a form of money/savings or speculation and not use it
too readily for day-to-day spending (the accounting is easier as no tax-hit is anticipated when using fiat/debt-based nation-state currency).
Still, I also mentioned Seasteading within this thread previously (seasteading.org) and I think -- in the long run -- there should be more options for political and economic visions than the limited options available as yet. I also think it's very important that people become more than a one-planet species in this century for long-term human survival.
Cryptocurrencies, I'm asserting, are money for future societies, or blocs/peers within existing societies. In the places where each of us live now, there is always the threat from vested interests in the political and banking worlds (the reputed "elites") whose grip on power or clout/influence is threatened by peer-to-peer money.
This perspective also substantiates the idea from economics known as Gresham's Law (
https://en.wikipedia.org/wiki/Gresham%27s_law : people hoard good money and the crappy money usually circulates so long as people willingly accept it). Why would you spend a currency that has a potentially stronger value and is expected to retain its buying power -- for instance CROC... but any crypto with staying-power -- when a merchant is forced through legal tender laws to accept fiat and accustomed through inertia or common-use to accept it? In short, it's perhaps too early to spend cryptos (or one should hedge and spend a little while keeping some in reserve given the political risk involved).