@bobbala @Jonaschuzzlewit @SK1ZM @d0c40r0 @doctorsex @matty @cjd @EssentialUtinsil @plotinus_enjoyer @stoner713 It doesn't have to be a binary.
>"money printed to burrr continuously"
vs
>"only certified and accounted for dollars backed by precious metals are real"
Ideally a currency issuer (government) should have hard assets (precious metals) to back their soft assets (promise to pay), especially when they have a fledgling economy or are otherwise low trust and high corruption. You can use collective mass agreement to turn anything into currency, although we all recognize some things work better than others. A blend of trust in the functionality of the government and hard assets to back that up would make most people pretty happy, and part of that trust means we don't want the proverbial 18 year old with mom and dad's credit card and no accountability (like we see today).