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- Embed this noticeThe interesting thing about money is that in a system where all participants are honest and not malicious to the societal order, there really would be no difference if the unit of exchange was a gold coin or a specially marked slip of paper. Obviously this is not how reality works, but this basic thought experiment should make anybody with a three-digit IQ wonder why fiat currency overtook metallic/bimetallic systems when in a vacuum where all societal actors are honest they function quite similarly.