> By stabilise I mean stops growing in value by 50%/yr with big short term swings of 80%.

Yeah, so that can't happen unless it's used for actual trade more than it's hoarded, which can't happen unless it's inflationary.

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npoc 2 days ago | parent [-]

Not at all. It naturally stabilises the closer it gets to its ultimate market cap. The more it stabilises the more it will be used as a medium of exchange.

	▲	immibis a day ago \| parent [-]
		There is no evidence for this. When gold and gold-backed currency were used for trade, it fluctuated in value wildly and there were several depressions each decade. After centrally-issued fiat currency was introduced, it had a much more stable value, since it could be issued counter-cyclically.