Crypto prices aren't showing anything like stability - I don't see at all how you could claim that.

Denationalisation of Money was arguably disproven by the ICO boom - it turned out that actual users just treated the shitcoins as proxies for BTC and ETH, and BTC and ETH as proxies for dollars.

I said we're heading for that, not that we're there now. The demand for transactions is increasing at a rapid pace. I don't think it's reasonable to expect price stability with so much change in demand.

It's as, or more, volatile now than it's ever been. You're basing this prediction on no evidence and a theory you don't outline. How will more demand for transactions stabilise the trading price?

Not more demand but stable demand. Transaction demand growth is still vigorous, as any look at gas prices can verify. I'm just saying Hayek might be right, if the underlying GDP is reasonably stable as he assumed.

But fine, I'll admit I have little to go on. Are you willing to admit the same? Because you're even further from the actual data so far.

> Not more demand but stable demand.

as in, demand for using crypto as a transactional currency, rather than as a speculative asset right?

The demand that is unstable is because it is driven primarily by speculation. There's very few commodities being exchanged via crypto.

So to reach stable demand, crypto must be a currency that is used for non-speculative transactions (such as buying groceries, or buying oil from countries). I don't see that happening any time soon tbh, except for may be countries that are trying to escape USA sanctions.

Correct. It certainly won't happen before the next step in scaling. I will mention that transactions on Ethereum are not primarily speculations on the currency itself.

...So apparently you will not admit that there's little evidence to support your hyperinflation theory.