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Re:Ask HN: What is the reason behind the rise of cryptocurre... by walrus1066 on Tuesday December 12, 2017 @04:35PM (#15909731)
2) attractive store of value due to the deflationary nature (note that not all cryptocurrencies are deflationary)

Could you give an example of one of these non deflationary currencies?

Re:Ask HN: What is the reason behind the rise of cryptocurre... by bufferoverflow on Tuesday December 12, 2017 @04:45PM (#15909807)
Peercoin, Novacoin.

Even Ethereum to small degree, though Vitalik mentioned the possibility of capping the supply.

Re:Ask HN: What is the reason behind the rise of cryptocurre... by walrus1066 on Wednesday December 13, 2017 @02:39AM (#15912693)
Peercoin and Novacoin have gone up by 2,000% and 1,000% in the last year.

That's an annual inflation rate of -95% and -90%. Which is nuts for a currency.

Even during the great depression USD deflation was -10% max. In Japan, where deflation is a symptom of it's two lost decades, inflation was around -1%, and their central bank is throwing the kitchen sink to try to get it to 2%.

In short, if any of these currencies were widely adopted, it would devastate the economies of those who use it, because everyone would be stuffing their coin under the digital mattress instead of spending it on goods and services.

Re:Ask HN: What is the reason behind the rise of cryptocurre... by djellybeans on Tuesday December 12, 2017 @07:11PM (#15910787)
Add Dogecoin also. It keeps producing blocks indefinitely adding 10,000 coins each time.