My understanding is that in those circumstances the people move to US dollars.

Then monero is what you’ll want to use. Not ETH, BTC, or NFTs.

> a corrupt government and highly inflationary currency

As a sibling comment said, they move to a separate able currency like dollars or Euro.

No one in their right mind will move to a fantasy token whose value oscillates up and down every second, sometimes to within several orders of magnitude.

Bitcoin's price fluctuation in the past year is 200%

Etherum's is ~300%

Monero, 330%

It's not as bad as Venezuela's or Zombabwe's hyperinflation, but no ine in their right mind would use a currency this volatile.

Volatility!=Inflation

Hyperinflation is one-way volatility. In either case the value changes rapidly making the "currency" in question useless as a long-term store of value.

From the point of view of people who live with a volatile currency (aka highly inflationary) it doesn't really matter, does it?

Given Bitcoins overall direction compared to the dollar, it appears deflationary (worth more over time) rather than inflationary (worth less).

https://www.statista.com/statistics/326707/bitcoin-price-ind...

Once again, you're completely missing the point. Yes, it's both deflationary and volatile.

What part of "300% value swing over the year" do you not understand?