linking prices to main natural resources? that does not happen.
the reality is that the central banks calculate something called the CPI and it consists of a bunch of consumer products.
the central banks then manipulate the money supply so that no matter what the supply and demand are prices will go up about 2% a year.
im not even gonna go into how the central banks print money to save failed companies and how as a side effect that distorts the prices of everything.
the world was built on a gold standard without this "stability", its only in the last 40 years that money became paper.
the "speculators" don't have any power, what your talking about is a bunch of cronies who are in bed with the government, that's just one more reason why bitcoin is so good as money, the government can't bailout the cronies if it can't print money.
there is no such thing as a "professional gambler" and there is no such thing as a "stock market shark".
both are just gambling blindly.
It has already happened, junior. Oil gives dollar value. Since the 1971 or 1973.., a deal was struck with OPEC nations, that they would exclusively sell oil in dollars. As long there is a steady supply and demand for oil, then the dollar value can also be kept stable.
Calculated and predictable inflation shows stability. If I know how much my money is worth less in a year or two, then I can make an conscious choice; whether to be lazy and just sit on my money while it's value shrinks, or keep busy and invest my money into new progressive opportunities. I think that this reasoning is fair in a capitalistic way - reward those more, who do more.
I would even settle with stable deflation. I would say screw it, let's reward the lazy lards and increase the value of their "matress money" 2% each year. Let's reward those bastards for just being lazy and stupid enough for not investing their money into something.
But what I would not settle with, is that there is no stability whatsoever with bitcoin the currency. The next year could be +99% or it could be -99%. I think that this world would only suit for people with more serious intellectual disabilities. The world of bitcoin would be for people who would want to see their entire income as a constant form of blind gambling.
"The good old times of the gold standard" is basically a popular internet myth, that is mostly represented by those, whose only experience with finance has been through youtube conspiracy videos.
What has basically happened, is that gold has switched to oil. And it's a good thing since oil has more practical application and that means more predictability in demand. Practical need of the demographics can be easily predicted, but it's very hard to predict a value for something, that has very little practical application and most of it's market is ran by pure speculation.
If something is valued more then 50% on pure speculation, then trading that asset is already gambling in my book. Gambling can be fun when using funds that are meant to be used as entertainment, and there are people who know how to manipulate the odds and rules just enough to earn a steady income with gambling. But there's exactly where bitcoin should stay, at the Entertainment->Gambling section. It would be cruel to force everyone else to gamble with bitcoin, so they would constantly have to worry if their salary is worth less again, because the inflow of new greater fools slowed down.
I don't think that the main problems of our world is caused by malevolence. I think that the culprit here is mainly stupidity.
Take bitcoiners for example. They
feel that the current financial system isn't perfect enough and something needs to be done to better it. Sadly, because they lack the education or experience needed to understand modern finance, they shout stupid slogans like replace fiat with bitcoin.
For those with at least little knowledge in finance, it sounds like "Hey this Volkswagen Polo R WRC isn't a perfect racer yet, so let's replace it with a shopping cart that has new innovative steel compounds in it's structure!". Yeah, it's nice to have an innovative gambling platform called bitcoin, but for serious finance, it just lacks the needed qualities to be a serious currency.
