- Monetary inflation arising from the proliferation of deflationary layer-1 currencies must be studied.
- Altcoins co-exist and compete in the same geographical territory, so even during a deflationary spiral during which no amount of the natural rate of interest can seduce irrational savers from lending working capital to capital intensive industry, people can create a new altcoin which isn’t in short supply.
- zkSNARK based currencies like MINA use less gas, and only execute the smart contract once. So they are more energy efficient.
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