RE: Cantillion Effects
Hi @crypto.piotr,
Purchasing power being transferred from fiat to crypto is not an example of Cantillon effects. Cantillon effects doesn't come into play here because no one is supposed to be able to mint new crypto. So in this case, the one with new money or new crypto are the ones holding the bags. It is the early adopters or old money winning in this space.
A crypto example of Cantillon effects would be the Oyster Pearl scam. The creator actually found a loophole in the ICO to print new Oyster coins which he dumped on the market to sell at a decent price. The losers were the bag holders of old Oyster Pearl coins who couldn't react in time before the price of Oyster dropped due to the massive selling.
Also, please share this post with others. I always make an effort to engage with my audience.
Dear @snoreball
Thank you for your explanation. Appreciate.
How did you like the response? Any decent comments?
Cheers
Piotr
A few. Overall, it feels like people don't quite have a full understanding of the topic and are using blanket statements to show that they are "contributing".
Not calling anyone out in particular.
Hi @snoreball
I had similar impression. Perhaps it's because (or partly because) subject of your post is not very familar to the majority of people and on top of that it's not easy topic to discuss.
Cheers
Piotr