Did the writer who wants “democratic money” actually go on to define it. My conversations with people who want unhoardable money, don’t recognize that a) rich people will not use it, and thus it wont get used, b) its not different than high inflation, in that the sum of the money you hold decreases in value as you hold it. In every case where people are mad that those who got in early are benefitting by taking that risk ( and those that risked more early, are rewarded more) almost always have a half baked ‘solution’ that is worse.

Further, extremely little of the worlds financial transactions are done in crypto, much less bitcoin, and even less non crypto-to-crypto transactions. That explains a ton of the volatility. In many years, when more people have crypto, and are willing to use it globally, for obtaining non-crypto assets, the volatility will likely drop off, or slow down, to be more like that other global currency