>>protection against hyperinflation, >In 2022, cryptocurrencies have experienced over 100% inflation. To be fair, my ignorant self assumed that for much of it

>>protection against hyperinflation, >In 2022, cryptocurrencies have experienced over 100% inflation. To be fair, my ignorant self assumed that for much of its timeline, Crypto fought hyperinflation by hyperdeflation. It is intentional design point of most Crypto to increase its value. This deflationary philosophy I assume goes immediately counter pretence of Crypto as currency - if my 1 token will be worth a significant X multiplier at timescale Y, I have zero incentive to exchange it for goods and services and full incentive to hoard it with assumption it'll be worth more tomorrow.