Here is something to think about. If inflation is caused by injecting more and more fiat currency, or at least, currency in general, what would happen if people destroyed $1 each every week for a few months? Less currency in circulation right? Would it stop the inflation and cause prices to drop because the value of said currency would go up?
We really need to take away the FEDs control of our currency and put it back where it's supposed to be. The interest is the real killer. Debt free hard specie would probably go a long way to cure our sick economy. Other countries on the fiat system would hate it though. So would the bankers.
Negative. Crypto would just be another version of the fiat paper money. Remember, paper money was at one time backed by gold and silver and look where we are now. Nope, just make physical coins of those materials, gold or silver. Much harder to fiddle with.
Wouldn't the cost of mining those asteroids be problematic? Who do you think would pay for that cost? YOU and ME.
How about forget fiat all together? Why do people think it HAS to be a fiat system? Fiat is a rip-off.
Well, what do you think started the whole paper money thing in the first place? Notes of deposit. You could use paper, but it would have to be backed by actual, physical money, like all that gold or silver. Simple. The problem arises when you separate the paper from the thing it represents. The paper SHOULD represent actual physical gold or silver on deposit. It should have no value of its own.
Pass.