Crypto can not fix this -- it will always remain a high risk instrument for speculation. If Germany would drop its opposition to the Euro bond, however, that would go a long way toward weakening the dollar and strengthening the euro. But say that to a German; you'll get nowhere. Germans, it seems, make fine engineers, but lousy economists -- just like the other Germans, i.e., the ones calling themselves Austrians.
What you say about crypto is decididly untrue. What makes it a good instrument for speculation makes it a bad one for commerce. The more crypto you "mine" the more costly it becomes to mine more still! Theoretically its supply is infinite, but only theoretically. This is fundamentally why crypto can never replace sovereign fiat currencies. Gold has exactly the same problem.
LOL.. This makes me laugh. So something you have to work hard for cannot replace something that is easy to make out of nothing??? You don't say....
Both Crypto and Fiat currencies are worth what they can be exchanged for. They have no value in and of themselves. The relative values of fiat in the forex market reflects supply and demand. This in turn is a reflection of the perceived usefulness of each unit of the various currencies, which in turn tends to indirectly reflect the issuing nations' productivities.
I am not much of gambler so Crypto has never appealed to me, and the possibility of the rules changing is one of the things that keeps we away. But realistically what are the chances that those whose interests are best served by retaining the present algorithm will not prevail? I'll stick with theoretical until I see it happen.
