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CirclesUBI / whitepaper

Circles Protocol Whitepaper
https://joincircles.net
Creative Commons Attribution Share Alike 4.0 International
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Difference between UBI and inflation in this system? #9

Open spengrah opened 6 years ago

spengrah commented 6 years ago

I must be missing something: if new tokens are printed every minute out of thin air, how is that not equivalent to inflation?

edzillion commented 5 years ago

Very late reply, apologies.

I must be missing something: if new tokens are printed every minute out of thin air, how is that not equivalent to inflation?

Inflation is a complex topic, but one very simplistic reason why there isn't guaranteed to be inflation in Circles is: if the amount of products on the market grows at the same rate as the amount of coins being used in the system then there should be no price inflation.