What a deflationary currency will bring to the world?

I have been wondering about this lately. Then I found this article:

http://eliasbizannes.com/blog/2017/10/why-bitcoin-or-another-deflationary-currency-will-lead-to-an-economic-revolution/

TL;DR: as long as investment has higher return then hoarding the deflationary currency, people will invest instead of hoarding.

Similarly, if market maker can make more than hoarding XRP, market maker will make market instead of hoarding.

Comments

Post a Comment

Popular posts from this blog

The diff between the original SEC complaint against Ripple and the amended one

--- original.txt 2021-02-18 18:32:43.171832036 -0800 +++ amended.txt 2021-02-18 18:32:29.103735165 -0800 @@ -1,4 +1,4 @@ -Case 1:20-cv-10832 Document 4 Filed 12/22/20 Page 1 of 71 +Case 1:20-cv-10832-AT Document 46 Filed 02/18/21 Page 1 of 79 Richard Best Kristina Littman @@ -34,9 +34,9 @@ : ------------------------------------------------------------------------x -20 Civ. 10832 +20 Civ. 10832 (AT) ECF Case -Complaint +First Amended Complaint Jury Trial Demanded Plaintiff Securities and Exchange Commission (the “SEC”), for its Complaint against @@ -53,7 +53,7 @@ required by the federal securities laws, and no exemption from this requirement applied. 1 -Case 1:20-cv-10832 Document 4 Filed 12/22/20 Page 2 of 71 +Case 1:20-cv-10832-AT Document 46 Filed 02/18/21 Page 2 of 79 2. @@ -103,7 +103,7 @@ 2 -Case 1:20-cv-10832 Document 4 Filed 12/22/20 Page 3 of 71 +Case 1:20-cv-10832-AT Document 46 Filed 02/18/21 Page 3 of 79 VIOLATIONS 9. @@ -150,
Read more

Send $SGB (Songbird) to another wallet using a script

You need nodejs and web3 to run it:  const Web3 = require('web3'); // Variables definition const privKey = '8xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx2'; // Genesis private key const addressFrom = '0xAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA'; const addressTo = '0xBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB'; const web3 = new Web3('https://songbird.towolabs.com/rpc'); // Create transaction const deploy = async () => { console.log( `Attempting to make transaction from ${addressFrom} to ${addressTo}` ); const createTransaction = await web3.eth.accounts.signTransaction( { from: addressFrom, to: addressTo, value: web3.utils.toWei('1', 'ether'), // Send 1 SGB. 'ether' is not a typo here. gasPrice: web3.utils.toWei('225', 'Gwei'), gas: '21000', }, privKey ); // Deploy transaction const createR
Read more

Rippled thread cpu usage

Image
The cpu usage of xrp.ninja validator spikes every 2 hours. I always wonder what it is doing during the spikes. So I wrote a script to report the thead cpu usage to a statsd server.  I started statsd/graphite/grafana using  https://github.com/ripple/rippledmon Then I wrote this script: #!/usr/bin/python3 import collections import itertools import os import re import statsd import subprocess import time HEADER = b'%CPU COMMAND' STATSD = 'XXX' PORT = 'YYY' PREFIX = 'rippled.threads' TOP = 'env HOME={0} top -b -n 1 -p $(pgrep rippled) -H'.format(os.getcwd()) def report(c, jobs): p = subprocess.run(TOP, shell=True, stdout=subprocess.PIPE, stderr=subprocess.PIPE) if p.returncode != 0: print(p.stderr) return m = collections.defaultdict(float) for line in itertools.dropwhile(lambda x: x != HEADER, p.stdout.splitlines()): if line == HEADER: continue usage, comm = line.decode().str
Read more