RE: Questions of Trust and Financial Protection
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Manipulation in gold is well documented. As for oil, I think it also exists though I haven't read any reports about it. As for crypto, yes it can be particularly in centralized projects. That's why we prefer decentralized entities like HIVE. If the analysis of a few analysts on Hive is accurate that no whale holds more than 5% of the HIVE supply, then such manipulation would not be easy. It can be done in small ways but not to the extent that it will dictate the overall price direction of the token. The only way to achieve such price manipulation is in the case of whales who hold more than 50% of the token supply agree to such a goal.
Low prices of commodities and oil show low demand and this only happens when the economy contracts. As for the inflation question, economists too are divided. After spending more than a year on Hive, I realized that there is a certain kind of inflation that is good, that is, an increase in money supply matched with increased economic activity such as more business development, more products in the market, and that the additional money is used as capital for numerous projects.
Thanks for your time.
!PIZZA
!CTP
Ahaan! Makes sense. Even if there is increase in price, people have the ability to purchase items because they have money at their disposal , the inflation doesn't count negative for the economy.
Thanks for the explanation
!hivebits
My pleasure.
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!LUV
@rzc24-nftbbg, @amberkashif(1/1) sent you LUV.
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