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A comment on Diem – A rebrand of Facebook’s Libra. Parent comment

Re:Diem – A rebrand of Facebook’s Libra by judge2020 on Sunday December 06, 2020 @01:30PM (#25325418)
> Imagine a king putting 2% less silver in the coin, year over year.

This happened fairly often, and it's called debasement:

https://en.wikipedia.org/wiki/Debasement

https://www.economics.utoronto.ca/munro5/MONEYLEC.htm

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Re:Diem – A rebrand of Facebook’s Libra by samatman on Sunday December 06, 2020 @01:44PM (#25325541)
A word I specifically used, yes.

A fun quote from the Wikipedia page:

> If done too frequently, debasement may lead to a new coin being adopted as a standard currency

Indeed a risk!

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