You are right, the harm of unstable currencies is a matter of public perception but boiling the frogs slowly still does harm. Inflation is a significant, longterm, bottom-up wealth pump and simply pointing to empirical evidence is a point against unstable currencies, not for them.
How cryptocurrencies are mined is secondary in that regard too because their values is also purely based on perception, since there is no large authoriry backing that currency by eg. demanding , spending and regulating it.
How cryptocurrencies are mined is secondary in that regard too because their values is also purely based on perception, since there is no large authoriry backing that currency by eg. demanding , spending and regulating it.
https://m.youtube.com/watch?v=k3NN_NZOdhY