Re:Mexican billionaire Salinas says his banking business may...
by krferriter on Monday June 28, 2021 @09:11AM
(#27661470)
In fact a currency gaining value over time, especially at a high rate, is terrible for a monetary system in which you want to encourage monetary velocity instead of just stashing and saving.
If I have a need to pay someone, I use Venmo or Zelle. Bitcoin is slow and expensive and volatile.
Currency is the thing you retain from earnings or cash investments out into to cover near-term spending needs.
The things important for currency are low-volatility and universal acceptance. Among the things that don’t matter much for it are “does it tend, on average, to gain value”.