Yes, but just holding a cryptocurrency is not an investment. I did not give anything of value to someone who is now working with it. It is supposed to be a currency, something that circulates and is not just hoarded. It is the means that is used to invest into projects, not an investment in itself (or it shouldn’t be if it is meant to be a currency).
Unfortunately, economics is not really an exact science. The historical examples in Deflation - Wikipedia all seem like situations one would want to avoid, but you could, of course, always argue that the deflation was not the central cause for that.
It seems very plausible that deflation tends to let people just hold the currency and not stimulate any economic activity.
It might be manageable, but I also think it would be somehow strange to have an annual negotiation with my employer on how much he will cut my salary due to deflation.
Also: The current increase in prices is not due to monetary policy, but due to supply shortages because of the multitude of simultaneous crises. Would a deflationary currency system have been able to avoid this? I’d doubt that.
And there are alternatives to compensate the loss in value due to inflation – invest in stocks and ETFs, government-run pay-as-you-go pensions that are adjusted for inflation and paid by the currently working for the currently retired, basic income schemes financed by taxes and duties, …
Charming idea. I don’t know if it has to be a billion. If everybody gets a billion for the 18th birthday, a billion will be worth much less in no time. And I’d rather do a regular social transfer through basic income than only one sum once in a lifetime.
But, anyway, that idea is either quite inflationary (if everybody gets that as newly minted currency) or it requires a huge amount of taxes. Both a bit antithetical to the usual ideas in cryptocurrency.
And we would need some way to ensure that all people get that, but all people only once. That would most definitely require some form of centralised identity authority (as is also needed for things like elections).