> As currency nobody would want to spend it as they gain value over time
The problem with this argument is that you have to spend money. You have to spend it on food, lodging, entertainment, and so forth. Even if a currency is deflationary, people still have needs.
The problem with this argument is that you have to spend money. You have to spend it on food, lodging, entertainment, and so forth. Even if a currency is deflationary, people still have needs.