if something depends on Fiat it cannot replace Fiat !
the only crypro replacing fiat would be one with a fix value -- maybe connected to the goldprice .. and then split into nation-values (started by giving them the value of the BigMac Index)
If I want to pay with cryptos .. the only way to replace fiat .. and build up an alternative economy then I need a coin which keeps its value .. If I sell my car for 2 BTC today and this could be 120.000,- Euro and tomorrow the US government sells the 1,5 Millions BTC they own after the raid of Silkroad then my 2 BTC will have the value of maybe 2.500,- Euro instead of 120.000,-- and what can I buy for 2.500,- instead of 120.000,- ???
To build up a real alternative economy we must become independent from fiatmoney .. and one thing which is protected from all sides -- also by the elites -- is gold. so a goldstandard-covered coin would be a beginning to have a value .. and if Fiatmoney crashes, if - or when - we go into hyper-inflation in 2 years or whatever -- a fiatindependent Coin would survive and give people safety of what they earn or spend .. and only this way we can replace the fiatsytem !
Its really amazing what people DO NOT understand about the money system !
To replace fiat you need something that is (more or less) equally valued worldwide, like the US dollar. Before something like that appears nothing will replace the fiat system, ever. No one will accept a currency that exists on the internet because it is "fake money" for most of the world. You simply can't force an idea onto the whole world just because it sounds good to you.
Gold is priced in US dollars, thus Gold is also dependant on Fiat. It's really nonsensical to even discuss this because everything is valued in fiat for many very good reasons. How can you value Gold if you remove the US Dollar value from it? In houses or loaves of bread?
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yes thats what I said -- create a cryptocoin depending on the value of gold .. gold is protected even by the elites themselves so it has a stable value .. and start using this gold-value coin like every currency should be .. as an exchange instrument between buyers and sellers, employers and workers .. money must be stable and independent and NEVER be an object, a "good" for speculation itself ! This new coin would grow into the current system because many people would use it .because they can trust it . and it finally could replace the fiatsystem without hurting the small ones .. just the elites would lose ! Would break my heart but I think I would survive it !
Fixed money never resulted in major societal advancements. Do you think it a coincidence that you saw the greatest technological expansion in human history after the end of the gold standard?
And beside, Nixon ending it was just a formality. The Eurodollar system zapped that since the 1950s. Effectively it operated around the gold standard, meaning the US simply was shipping more of its gold out of the country.
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the greatest technological expansions as you call them were made before money existed .. the wheel, the fire, astronomy, the invention of writing or buildings still standing for tenthousands of years and will still stand after our crap will be long gone .. .. to the greek and egyptians .. we have nothing that was not there before .. or in our time was made in Germany when it tried to become independent from the centralbankers .. Germany was bombed to the ground twice because it wanted to get away from the banksters and was successful with it !
The only reason for ending the gold standard was expansion .. conquering the planet .. quantity instead of quality and centralization of power .. or simply called globalization !
And also in the US the founders warned - but greed finally overruled them !!
"If the American people ever allow private banks to control the issue of currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered". — Thomas Jefferson
But there is one thing you are right -- it would not be impossible for corporations like the BigPharma or BigTech to take over the planet, to force people into vaccinations or steal their reedom if we had a stable (national) currency .. this "growth" is only possible via global-fiat-money !
PS: Gold has about the same value since thousands of years in history .. if you measure it in Dollars, Euros or Kauri-seashells of the pacific (in fact the daily goldprice is very different in different currencies - check it - and is NOT connected to the Dollar -- Nixon-Kissinger ended this in the 70s) ) .. its like the metric system .. its does not matter if you walk a special distance in feet or inches or meters .. its always the same amount of steps you have to make .. take a moment in time of the worldwide average goldprice and use it as a start .. gold will always keep its standard .. beside the new one you create .. later you can split the coin into national coins and give them the national power of economy and culture .. (you can use the bigmac index for this to start) .. so we could go back to a natural system where nations can trade like their economical power allows them .. the end of all kind of globalization !
2 days ago I wrote a post about the goldprice and hyper inflation .. in German but there are good online translators and its not long !