Quote from: porc on December 07, 2013, 09:24:12 PM

Quote from: deisik on December 07, 2013, 09:20:05 PM

Quote from: porc on December 07, 2013, 08:59:30 PM

Why do you think gold is not used as money? If the market before chose it to be money? Any guess.

There can be no "guesses" about it. Currency backed up by gold (or any other asset limited in supply for that matter) had been a cause of much headache in the past due to its deflationary nature. The problems with gold backed money finally culminated in the Great Depression of 1929. After that the gold standard to which you appeal here had been quickly abandoned...

Learn history. Gold has been used as money for thousands of years.

Your interpretation of the Great Depression is incorrect but lets not go into this.

I am asking you why nobody is using gold (not gold standard!) as a media of exchange. (The answer is tax laws!, like bitcoin).

Who wants to carry gold with him? And how do you pay a keg of beer and some snacks? Ah yeah. Those !@#$%^&* tax laws!