"So basically you're suggesting a system that hurts the poor and middle class (who have loans), which benefits people with large cash holdings, and which promotes stockpiling money over investment, which hurts everybody. What a load of bullshit. And we haven't had fixed exchange rates between most currencies since the Bretton-Woods system collapsed decades ago."
And do you know why Bretton-Woods collapsed? Could it have been the Federal Reserve printed way more money than they could back by Gold, when that money was supposed to be worth 35 dollars an ounce?
People accuse Bitcoin of being a pyramid scheme, but when the tower of debt collapses (as it did with Bretton-Woods, and it did numerous other times in the past) what then?