Cryptocurrency’s value comes from its fixed supply, deflationary design combined with the promise of digital, decentralized transactions recorded on a permanent blockchain ledger. But its flawed monetary design, that is the underlying reason for its value, makes it unsuitably volatile for commercial transactions–negating its currency raison d’etre and rendering its value useless.
The promise of cryptocurrency remains.
The Flawed Monetary Theory of Craig Wright
The Flawed Monetary Theory of Craig Wright Part II
Cryptocurrency Market Valuation
Money, Commodities, and Bitcoin