ishaq on Nostr: Money is just another asset. Supply/demand does not require precise knowledge of ...

Money is just another asset.

Supply/demand does not require precise knowledge of total money in the system, only one's own upper bound on the assets on the offer. Besides, total supply is more readily available in Bitcoin than in fiat.

The feature (or flaw) of printing money is also not unique to the fiat currency, there are decentralized currencies (albeit, to my knowledge, none academically sound) that allow printing infinite money.

The huge issue in decentralized currencies is that they are truly free markets. It makes the volatile. Centralized markets are not more stable only because they are more mature, but also because of centrally enforced policies. Decentralized policy enforcement is still an active area of research.