That's a Great point. It would come down to scalability & ease-of-use. Scalability: Fiat money backed/not backed by Gold always made it faster to price & buy goods with. (compared to weighing gold on a scale) Ease-of-use: Fiat currencies are always easier to carry in our pocket.
I don’t think it even matters whether inflation can trusted or not. (1) That system will certainly be changeable by the state and (2) The market doesn’t want inflation at all 
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I've summed up my Gold v Fiat argument in this tweet: https://twitter.com/ColtonRobtoy/status/1021845034214338560 … I feel most confident that it actually comes down to easy/hard access to cheap loans. In the 'cheap loans' case, inflation is the byproduct. In the 'expensive loans' case, lower SoL is the byproduct.
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I think that's pretty good. And it makes sense in my brain. What do you think? You can never get cheaper loans than banks creating that 'Checkbook money' from their 10% Reserve Ratio requirements.
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I agree. But I think without government loans wouldn’t be as artificially cheap as they are today. If Bitcoin succeeds, it essentially defunds the state.
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100%. Can't get any loans cheaper than printing free money out of the air.
End of conversation
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