politicians and bankers removed gold as backing for paper money and created so the fiat money. Gold wasnt a currency at that point anymore.
Are you trolling me? You first said that politicians and bankers did not removed gold as money and now you say the did.
Yes kings devulated the purity in coins to make own profit but it turned out that it was very healthy for the economy since there wasnt enough pure gold coins in circulation to keep the market running.
This does not make sense from an economic point of view. The nominal value of money is arbitrary.
Gold was not currency at that point anymore, it was just used to back of the value of paper currencies. Like it was discussed to do for BTC.
So tell me, when the value of BTC is backed by Gold, what is the currency then: Gold or BTC?
Even if it doesnt make sense to you now, it happened and history proved it true.
I dont try to troll in any way