With the high level of volatility and constant fluctuation in market capitalization on crypto currencies would there ever come a time we would trade crypto based on the value it has in it's self and not in exchange for fiat currency. Many countries has now adopted crypto as mode of payment but we are still faced with the issues of price irregularities. If we decide to adopt crypto fully as a global legal tender how do we deal with this price fluctuation.
This is the edge fiat and centralized currencies have over crypto and this has made so many shy away from doing legal business transaction using some crypto most especially during bear market. Can this issue get a remedy?
There is no such thing as "intrinsic value". Maybe the closest analogy is the amount of usable energy a product/service contains
The edge that you describe is "Unit of accounting". This must be the most strange concept in human history. Unlike KG/LBS or Meter/Foot (that can be verified scientifically in all the labs around the world), the unit of accounting in each country's financial system is its fiat money. And to ensure its stability, central banks look at CPI to monitor the inflation and adjust the money supply in according.
This whole concept of price stability of fiat money is just based on people's imagination and blind trust, it has nothing to do with market supply and demand. For example, FED has created more than 5X money in a few years after 2008 financial crisis, and the goods and services did not increase that much, if not decreased, but you never see anything's price rose by 5x in that period. Why? Because most of the people do not have financial knowledge, they think USD is just like LBS/FOOT, have a fixed value and it is used to measure the value of anything else, regardless of how much it is produced
But there is no need to wake up everyone when they are sleeping, that is how today's financial system works. They can believe what they want to believe, while smart people profit from it