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Smokey, you make a good point
Now, lets discuss usefulness of money and I don't mean paper or whatever, I mean as a unit of trade and exchange.
Good monetary unit must be durable, divisible, non-inflationary, un-counterfeit-able, easily transferable.
Am I missing anything?
Fiat money don't fit this description well, They are durable but not long-lasting, they are inflatable and can be counterfeited.
Gold fits more into good monetary unit. Except its not very divisible, you can't transact well with atom amounts of gold safely without risk of loosing these atoms, its definitely un-counterfeit-able. BUT in modern world although it's transferable it adds additional costs and time delays. How can you make instant payments with gold in large distances - impossible.
We are going digital.
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