Aethernal McAwesome

The problem with fiat inflation is that you simply can't trust it. Each institution has a different way to calculate it, one will measure certain things but leave other things off the calculation, another one will average things with arbitrary weights, so on. Central banks and governments have interest in manipulating prices in a way that doesn't align with the interest of the people most of the time. For example, they will print money to keep the stock marketing from crashing, but that will make housing unaffordable, or will print money to keep gas prices low but then unexpectedly electricity prices soar. But the solution for that in a cryptocurrency is not fixing a hard cap on supply as Bitcoin does. Many of those that were early in Bitcoin, for example who mined it before ASICs arrived, lost their wallets. It will happen to many as well, to be victims of floods or hurricanes, and that paper were they wrote the seed phrase will disintegrate. The drive with that txt will fail, that encrypted file will get corrupted, that email will be hacked or deleted due to inactivity. And one of the biggest problems with crypto right now, in my opinion: many will lose their lives without passing the wealth of their whole life to their loved ones. Lost coins in a hard capped cryptocurrency means it is actually deflationary. We have never lived in a deflationary society. It can be actually way worse than low, controlled inflation. If everyone knows for certain their coins will always be worth more the next day, the incentive is to save the most. They who spend are dumb and will be mocked by holders. Minimum spending means economic activity will slow down, less jobs will be created and people will earn less. That's just something no one want. Tail emission in Monero is a brilliant way to solve at least part of the problems caused by lost coins. I still want to see how the cryptocurrency community will deal with wills and inheritance, without compromising self-custody.