Maybe there should be a centrally agreed upon authority that can change the size of the money supply by fiat. That seems like that would fix most of the problems with Bitcoin.
At a cost of being the very problem decentralized cryptocurrency was meant to solve.
But a cryptocurrency doesn't have to be designed with a deflationary monetary policy hardcoded. Monero, for example has a steadily decreasing block reward that will bottom out at 0.6 instead of Bitcoin's 0. Ethereum is also designed for a steady increase in supply if I understand correctly.
I can’t tell if you’re being sarcastic, but you’re proposing the kind of trusted centralized banking institution that Satoshi explicitly sought to eliminate. It’s literally in the first line of his whitepaper.
It fixes most of the problems with currencies in general, that’s why basically every single currency has this authority backing it called ”central banks”.
As others have mentioned, these institutions is exactly what Satoshi wanted to supplant.
