I'm hoping someone invents a new iteration that's better.
There’s already a solution, use the currency to buy assets denominated in that currency. Crypto was not needed when bonds, stocks, real estate, etc exist.
There are hundreds of trillions of dollars in assets to buy whose value increase over time may beat inflation, I’m surprised you’re not aware of this solution.
0.5% of my net worth is in cash, the other 99.5% is in dollar denominated assets. Cash is a unit of exchange and a unit of account, not an asset.
Indeed, but also complete responsibility for safeguarding these. It's hard to imagine a good situation where an individual has complete control but not complete responsibility, that way lies moral hazard.
This seems like a definitionally unachievable goal. How can you have finance without others that you ultimately need to trust, if only to be stable enough in their wants and needs to want to trade with you?
> ...
> I'm hoping someone invents a new iteration that's better.
It "solved" inflation by being deflationary (and then you have the massive volatility layered on top of that).
I think it's probably impossible to have a stable currency without some kind of dynamic governance, like a central bank.