A digital standard can be circumvented by credit expansion using a secondary veh

A digital standard can be circumvented by credit expansion using a secondary vehicle – which is precisely what would happen – just as gold was circumvented with commodity money substitutes.

Any economy limited to hard money would be incapable of not only competition but survival in a world of markets consisting of those who didn’t use hard money.

It is also no clear that holders of a money or money subsiute have any right to either purchasing power gained via appreciation of the it or claims of loss claimed by depreciation of it. In fact I’m fairly certain both are unearned – when thy should or could have put thir savings in another vehicle.

Reply addressees: @rosswcalvin @realJohnVictor