As you mentioned, the value of currency is its stability and that people trust it. One solution may be to peg a coin's value to something like the USD to prevent wild swings. They would want to have a planned method to decouple it in the future. It's value cannot simply be based on its scarcity becuase that results in what we have seen.
I'd like to read about a coin designed by an economist who understands the issues around currency. I don't believe the founder of bitcoin really understood all the flaws that would arise.
Like I said, I'm not against all cryptocurrencies or blockchain, I'm against poor implementations that have clearly failed and do more harm than good.
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