its just a common sense measure of true value of things people need in real life, such as bread and milk. it requires no trust, no third parties.
Nonsense. It requires plenty of trust in whomever keeps the relied-upon figures for the cost of living. Here across the pond, our financial system is under incredible stress due to the whopping lie about what constitutes the official rate of inflation. Which should be -- truth be told -- exactly the cost of living normalized to unit measure.
I like the cost of living suggestion but you are 100% correct on the complexities. In the US there are multiple ways of calculating the CPI and a lot of dishonesty. Additionally, There is no standard for determining COL and products and prices can vary.
I suggest indexing exchanges to CPA or "cost per alpaca" as that is the gold standard everyone can understand and rely upon.
