News for hackers. Stuff that matters.

A comment on Worldcoin isn’t as bad as it sounds: It’s worse.

Re:Worldcoin isn’t as bad as it sounds: It’s worse by ineptech on Friday July 28, 2023 @11:21AM (#36908181)
I don't get how anyone can call something with an eternally-fixed quantity a currency. What's the plan for when it starts appreciating and people stop spending it and start hoarding it?
[ Parent | on HN ]
Re:Worldcoin isn’t as bad as it sounds: It’s worse by pessimizer on Friday July 28, 2023 @11:38AM (#36908484)
Sell.
[ Parent | on HN ]
Re:Worldcoin isn’t as bad as it sounds: It’s worse by sparkie on Friday July 28, 2023 @01:04PM (#36909909)
Prices drop.
[ Parent | on HN ]
Re:Worldcoin isn’t as bad as it sounds: It’s worse by ineptech on Friday July 28, 2023 @02:02PM (#36910755)
Why? If any currency is appreciating, people are incentivized to hold it, which has the effect of decreasing supply, and decreasing supply makes the price of something go up, not down.
[ Parent | on HN ]