Neat illustration of the circulation of money for sure.
The one issue I have with Hive vs Bitcoin is the unlimited supply vs limited. It may be a shallow view but knowing there is a finite number of bitcoins to be minted makes me think of value in terms of supply and demand. The supply is limited and demand is increasing so the value will appreciate. With Hive, the supply is always increasing and is infinite so the demand can only boost the value short term as the infinite supply will always deflate the value. Like a government printing extra money depreciates the value of each dollar.
I know not directly related to your subject but got me thinking of the BTC vs Hive debate. I do love Hive for the 3-second, feeless transactions and open distribution which makes it more like money than BTC. Can't buy groceries with a gold bar but socking disposable income into that still is a good investment historically speaking. Perceived value vs transactional value.
Inflation is necessary, it would seem, for money to move. This is why Hive can become "real money". Letting go of it, using it for things and services. I realize people hate it when in these discussions we use words like "the experts" but it doesn't hurt to listen to their theories.
Its estimated that a 2 to 3 percent inflation on an economic model makes the most sense. It motivates the spending, thus creating movement, which my little story clearly illustrates is necessary. A non inflationary system on the other hand, works amazingly to store long term value.
This is precisely why when people tell me: Bitcoin is the new gold - I nod in agreement. It very well may be the case. But, the common folks don't own gold, nor would use it if they did. Nobody is buying a loaf of bread with gold bars.
If we are "to win" we need to solve the money problem, not the gold problem. The latter being debatable to be honest.
I would give you another big upvote for your amazing comment my friend, but if you look at my voting power, you would notice it's destroyed to nothing. (explained in another post).
Thanks for the thoughtful response.
Haha I don't do this for the upvotes so don't worry about that. Love the store of value vs money intel.
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