Streak-plates made gold easy to verify. ICP made it easier still. The weight is no big deal in the quantities actually required for everyday transactions, the amounts are actually quite small. Fiat is proof-of-violence, gold is proof-of-work. When threat-of-violence (taxes) is more than a small share of the economy, Fiat wins over everything. As we see today.

Replies (3)

“fiat is proof of violence, gold is proof of work” i like how concise this is.
Security, my friend. Just like today, where you don't want the world to think there's a years earnings sitting in your wall-safe. Or in your brain-wallet.