The problem is that the item you were buying was priced in terms of fiat currency, such as dollars or euros. When items are priced in crypto, then they don’t fluctuate, because, for example, one bitcoin will always be one bitcoin, no matter what. Whereas a dollar will not always be a dollar. A dollar in 1914 would have bought a lot more than a dollar does today. The three good monies are silver, gold, and crypto. The first two can only be manipulated by going into space and getting asteroids to get more, and the third can only be manipulated by worldwide community consensus, which is really hard to obtain.
But with a hard coded money supply, you cannot control inflation. The inflation won’t be in terms of dollars, it’ll be in the number of coins required to buy whatever, you know like how inflation doesn’t make euros less valuable versus dollars, it makes euros less valuable versus bread
The problem is that the item you were buying was priced in terms of fiat currency, such as dollars or euros. When items are priced in crypto, then they don’t fluctuate, because, for example, one bitcoin will always be one bitcoin, no matter what. Whereas a dollar will not always be a dollar. A dollar in 1914 would have bought a lot more than a dollar does today. The three good monies are silver, gold, and crypto. The first two can only be manipulated by going into space and getting asteroids to get more, and the third can only be manipulated by worldwide community consensus, which is really hard to obtain.
But with a hard coded money supply, you cannot control inflation. The inflation won’t be in terms of dollars, it’ll be in the number of coins required to buy whatever, you know like how inflation doesn’t make euros less valuable versus dollars, it makes euros less valuable versus bread