What would constitute “real money”? Gold and silver were deemed precious metals because we didn’t have a lot of precious metals that were necessary for providing components of essential tools and equipments. Now the material science has evolved and a lot of the times gold and silver not necessarily needed. If I was handed gold/silver or certificates of it, I wouldn’t have any use for them. Fiat certainly isn’t a perfect system, but it’s what everyone seems to accept despite the few getting filthy rich off of it. I believe in the answer being an innovation not a reversion of the old system. However, I also highly doubt there will be a grassroots monetary system that overtakes the current fiat without incurring resistance from the powers that be.
I could go on for weeks about our monetary system/financial system. I'll condense it to it is criminal in its current state. Any currency will suffice given a high trust society. But we have people (yes, I know what you're thinking, LOL) stealing wealth from citizens at a rapid pace. Our economy is collapsing as a direct result of fraud and theft. We have two choices: remove the criminals or change the system. I'm skipping over a lot of background to avoid making this unreadable. It's unlikely either will happen because the criminals aren't going to give up their operation. The only feasible option is crypto currency. And that has different problems. It skirts the criminals because no one controls it but the criminals do control currency exchange. Here lies the problem. How do you switch currencies? Like I said, I could ramble on for hours but I'll stop here.
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