that's an interesting question and premis - automatic monetary policy. I wonder if good monetary policy could be encoded as a set of rules that can be followed by a machine.
There's also some potential for a bond-market whereby miners BID for bonds, and thus the Blockchain can determine the community expected future inflation rate, and factor that into its calculation of money supply growth.
Yes, we mold the currency to our needs, that's why we have abandoned gold. This is one of the reasons the euro is completely flawed. Each eurozone country has different needs, yet there is only one currency that can only be controlled for the eurozone as a whole. Without further political integration it is not possible to actually give each country what it needs. Some countries need a weak currency, some need a strong currency. Paradoxically, the euro is both too strong and too weak at the same time.
That's a great idea. I'm not aware of any blockchain that does this, although some projects with seed funding do have long lockup periods
- And https://curve.fi/ allows for 4 years lockup of their token to earn more fees.
I believe strongly that cryptocurrencies have a strong future, but what is really needed is a crypto that automatically manages its money supply.
In the same way a car engine uses an oil pump to automatically ensure engine oil pressure is consistent when the car is revving vs when it is idle.
I also think there are better ways to incentivize mining rather than fixed crypto rewards. A better way would be a multi-year bond instrument that would pay coin dividends well into the future so that miners are vested in the future success of the coin, and not just the immediate pump & dump.