I'm miles out of my depth here, but as I understand it, the initial motivation for crypto was the exact opposite of this. Governements/Those in power debase currency and force inflation*. The further you are down the chain/ladder from the money supply the more your labour is devalued. You have to work more and more for less and less.
Implemented as the initial idealists envisaged (and plenty still do) crypto puts a stop to all this.
Practically though it became, recently at least, just another empty, transparent, transient get-rich-quick scheme, and that might be all it ever is.
Or, over time, it might be a sound long-term investment which retains its value.
I wish I knew.
*You may need to Google the details of this, and I can't be held responsible for the desperate nonsense you might have to sift through
Not at all definitive, but illustrating that superficially at least there is a sound(?) ideological basis argument for crypto - and against inflation.
The Great Inflation Scam
The truth is that when it comes to some key parts of our economy, a handful of megacorporations are calling the shots, and thatās costing all of us dearly.progressive.org
If I recall correctly, the idea for "Crypto Currency" (not always using that name to describe it), came from a number of academic papers, about how to create a global currency that wasn't owned and controlled by any one country or any central bank. The idea being that you could bypass the admin fees and transfer fees that occurred when you moved money from one country to another, to pay for goods, and that every transaction was held in a computer ledger called a "Block Chain", which was copied across multiple (hundreds) of computers and was/is thought to be impossible to hack.
The first, and most famous of these was Bitcoin. It was created by a group of academics, pretending to be a Japanese Professor and soon took off, as it created a way for large scale illegal activities to be funded (i.e. criminals could, in theory, buy a ton of cocaine, pay for it in Bitcoin, and bypass the global banking system).
All of the above, from memory, so I may be wrong with a few things, but the basics are there.
