I should simplify my post #10 to fit into a future using bitcoin for daily transactions. First there were shells, then beads, and then livestock etc. Then came copper/bronze coin. Gold was the longest lasting standard until the early 70's. US.gov gold value is pegged at $42.2222 for 261,498,926.2 troy ounces. The price was set by The Gold Reserve Act of 1934 ($35.00), which made it illegal to own bullion, and then adjusted by Congress in 1973 when the US left the gold standard. Between 1934 and 1973; US dollars were actually paper gold that made transactions easy and legal. If they sold that 261M ounces for $3500 they could buy 9M bitcoin at $100,000, or almost 1/2 the future total.

The current 'paper bitcoin' are ETFs. They should evolve over time to only a few of the best. Just like the Swiss franc and the US dollar did. Blackrock holds 3.25% of all mined bitcoin, and total ETFs hold a over 6%. These numbers go up and down with ETF inflows and outflows. Investment companies are sized by AUM, assets under management. This means they are managing actual coin and we, as ETF owners, actually control it. This was all laid down by the SEC when it approved bitcoin ETFs in Jan/2024. Governments should enable their bitcoin reserves to perform similar to ETFs. Issue shares and the share owners can use a card or app that withdraws and then coverts to local currency at the current rate. As people 'cash' their ETFs at the end of the month to pay most bills, the price will dip. When they get paid on the 1st and 15th, then they buy back and the price goes up.

When I was paid direct deposit every Friday, the funds would transfer between about 12:01 and  2:00am. Everyone would run tabs at the bar and pay at closing; or use credit cards if they left before 'paytime'. Since ETF markets don't open until 9am local then the prices should 'pump and dump' every Friday morning on ETFs and therefore bitcoin. Volatile still, but at least it will be predictable.

I have three different ETF: iShares Bitcoin ETF - CAD, Purpose Bitcoin Yield ETF - CAD ETF Non-cur Hedged, and Evolve Bitcoin ETF. IBIT was was my 1st because it had a good rep. I then went to BTCY.B because it pays average 11% yield/dividend in monthly instalments. On July 3 my payout was CAD$1,295.12. EBIT, I just bought after it was too late to buy BTCY.B for the July 3 yield.

BTCY.B holds bitcoin but exercises 'covered call' options. https://www.investopedia.com/terms/c/coveredcall.asp  It seems I only need to hold the shares for the 'record' date to get the payout about 10 days later. On July 23-25, I may convert more shares to BTCY.B and then convert back after my ownership is recorded.

Paper like the Confederate dollar and German mark dove badly after they lost wars. Collectors still have 5 trillion Mark stamps issued by Germany in 1923. ETFs can't do this because the law states they need digital gold (bitcoin) to back up their digital money (ETFs). Since paper money is only used by criminals now (hookers will take plastic) we will never see paper bitcoin; it will be replace by ETF cards, tap apps, etc.