On 20/10/2020 22:50, Ahem A Rivet's Shot wrote:
> On Tue, 20 Oct 2020 21:57:50 +0200
> Deloptes  wrote:
>
>> There are many problems related to backing up with gold, but as I said it
>> is not about gold but any value.
>
>  Right but the principle source of value is not rare metals it is
> human activity. Using rare metals does not scale naturally to the real
> source of value.
>
That is not the point. Gold can not be multiplied infinitely. Paper
money can. It needn't be gold. Cowrie shells will do.

That there isn't enough gold is easily solved - make it more valuable.

The technical need is for a mutually agreed  proxy for value that is
relatively indestructible and cannot be manufactured infinitely.



--
"I guess a rattlesnake ain't risponsible fer bein' a rattlesnake, but ah
puts mah heel on um jess the same if'n I catches him around mah chillun".

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