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@realcaseyrollins You are assuming that the only pressure is the quantity in circulation. Even if no one mines cryptos **and** the governement stopped printing money, then the value of neither would be fixed. This counterexample shows there are other forces, many of which as significant or more so than the rate of new currency production, that effect a currencies value.
So if cryptos stop printing new cryptos, and the government prints more money but does so **very** slowly, then its reasonable to expect that crypto could go down **or** up relative to the US dollar as other effects would be more significant.
I mean logically, demand is supposed to have a certain response to supply, right? If the rich hoard all the money, the remaining pesos should exponentially rise in value
I see this when I play card games with my siblings. We made up rules for the game #Pit where the players can actually negotiate trades and try to get as rich as they can, whatever their perception of "rich" is. What ends up happening is, one player will scheme and begin to corner a market, the other people will notice that an item is in short supply, and then pay extremely high prices for it because the supply is low. Someone might well spend two or three gold cards to get a cocoa card if it's the last cocoa left.
@realcaseyrollins Absolutely the supply of the money has an effect. What i am saying is that the effect may or may not be the dominate effect causing the value of your money to change significant. Other factors may overhwhelm this factor, particularly when supply is changing slowly (As it is with the US dollar)
