##### part 2 Second reply not edit because this is important; Think about work. Think about the idea of work. Work hasn't happened yet. Work being used to back currency is also fiat. It's just an idea. A promise. Work that backs currency hasn't happened yet. (think about it, work has happened which created value but past work is this etheral and disappearing thing that is exhausted quickly). So what did Hitler do to make sure work existed as a continuous thing? He created government projects for citizens to do which MADE work which actually, literally, truly is VALUE. Few things hold that to be true as well. Property does. Guns do :) Materials do. Oddly specifically those of little preciousness (with regards to true scarcity). Like oil, water, food... This is why fiat based on work is the ONLY way to back a currency. As it turns currency into a meaningful representation of the most natural form of "currency" exchange ever. That being a bartering system. Work backed currency turns; >I will mow your lawn for a month and water your garden for that month for a week's worth of potatoes. Into; >I will give you this work backed currency (literally work) for a week's worth of potatoes. It's far easier to understand and accomplish.