NotLambChop -

Where did the 2/3 go? -Into the pockets of worthless scoundrels who are taking speculators money. It's a damn theft market right now. You have a lot of money? -Start an exchange. Profit. Close up shop.

No country would adopt a currency it can't control? I never said they would. I am alluding to the idea of SDRs (Special Drawing Rights-Currency units). This concept already exists and is used by the US and a few other countries, but is in need of new lifeblood. This is where I believe Bitcoin's technology will take it.

BTC-

Comon? You really believe a country that can create its own money out of nothing is a good thing? Why aren't other countries doing because "in and of itself" it's good? Hell, why doesn't some small nation just get to printing? --They can't do it because everything is tied to the exchange rate of their currency to the reserve currency (the USD). We are in control of it; we set the price. This really is my only point out of all of my writings for you to see and internalize. The US is in control. That's why every thing I am saying to you sounds wildly outrageous. You are part of those in control. You are seeing it from one side and because that side is in control, you think that is reality for everyone.

The gold standard was dropped because after the war, Britain (the reserve currency at the time: the Sterling) had a massive run on the banks and they ran into a huge liquidity problem. They simply is not enough gold in the world to cover everything.

"The world is better off" as you say after dropping the gold standard was because this allowed the US most importantly to not have to keep reserves of a finite metal not because they just got rid of the stupid idea of gold. They instead used their own dollar (USD; which can be controlled and minted) as the new 'gold standard' for not only the US but the world. The US controls the "gold standard" of yesteryear today for the entire world. It's like being Midas pre-WWI. Dropping the gold standard allowed the US to boom as it could take on massive loads of debt without having to pay it back ever because they control it!

Problem:
Gold Standard = finite resource that cannot cover infinite growth

New Problem: The finite resource limits growth

Solution:
USD reserve currency standard = unlimited resource that can cover infinite growth

New Problem: Those who don't control the resource can't control their growth (anyone but the US -> dependency)