it has a permanently predictable rate of inflation
It’s volatility would suggest otherwise. As many others have commented here an in other places, the fact that supply is predictable is not enough, demand is a factor too.
It’s volatility would suggest otherwise. As many others have commented here an in other places, the fact that supply is predictable is not enough, demand is a factor too.
What you’re talking about is the money supply (I guess the Bitcoin equivalent of M2) which in Bitcoin is for some reason increased at a hard coded (decreasing) rate.