Crypto is based on the false presumption that money at base derives its value from something hard to create such as proof-of-work. Modern currencies are fiat currencies, which means that their value is determined purely by how much is in circulation and how much users believe their value is.
Inflation for example is driven by a combination of factors like sentiment and money supply. Not by the fact that there was a gold standard in the different past.
To create a new class of currency you either need to work with the classic methods of determining value or come up with something else that works. Not revert to a failed approach like a precious metal standard – if artificially implemented.
Crypto is based on the false presumption that money at base derives its value from something hard to create such as proof-of-work. Modern currencies are fiat currencies, which means that their value is determined purely by how much is in circulation and how much users believe their value is.
Inflation for example is driven by a combination of factors like sentiment and money supply. Not by the fact that there was a gold standard in the different past.
To create a new class of currency you either need to work with the classic methods of determining value or come up with something else that works. Not revert to a failed approach like a precious metal standard – if artificially implemented.