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It's not just hyper inflation one must be worried about though. For example, because the dollar was pegged to gold, it lead to massive problems come the Great Depression. The Fed was forced by it to pursue the exact opposite policy of what they should have done: raising interest rates on already...

So this is very much untrue. It would be created out of thin air the same way that cash now is created out of thin air. People wouldn't hold actual crypto in their banks, just like people don't own actual cash in their banks now. Instead, they'd hold promises to acquire crypto on demand, just...

Inflation is about 2 things. One is the actual amount of money that's been printed/is in circulation. The other, more important thing, is people's belief in the currency. Your approach might affect the second, but I don't know how. As for fiat, I wouldn't be so harsh on it. It's better than...