Quite, and that's why there was an overlap of things like hacksilver that had value by weight of metal, into the periods of currency - or war and turmoil. Confidence in coins of the realm goes back much further than you imply, and had islands of confidence further back, such as during Pax Romana.
Choice is what some cryptocurrencies bring - the anarchistic ones. Even there I see little to no chance of surpassing central bank backed currencies - that's just a pipe dream. Of the corporate backed cryptocurrencies, the "with profit" currencies, they're simply Company Scrip, and an entirely different species apart.
Choice is what some cryptocurrencies bring - the anarchistic ones. Even there I see little to no chance of surpassing central bank backed currencies - that's just a pipe dream. Of the corporate backed cryptocurrencies, the "with profit" currencies, they're simply Company Scrip, and an entirely different species apart.