I can't say it better than that reply, basic supply lowers than the price should rise more with demand.
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I can't say it better than that reply, basic supply lowers than the price should rise more with demand.
No, that doesn't answer my question. Why shouldn't we burn our USD and CAD, isn't that also about supply and demand?
Because the governments don't want deflation they want inflation. Also CAD and USD is not a real currency. It is fake money that they say has value bit it truly hold 0.
What makes gold rise? The fact that it is not mined like steel so it is worth more.
Yeah but fuck the govt and their inflation. We want deflation, so why don't we burn all our USD and CAD, if that's how we get deflation (our goal) in STEEM?
If you burnt your usd today and i was the only one you knew holding some and you had to buy some weed tommorow and needed usd i would charge you more for the same shit paper.
I have supply you created the demand.
Thats the best to my knowledge. Its is simply supply and demand. Awesome write up couldnt agree more. The divs for staking will attract even more people. Free steem for doing nothing 😊