Quote from: GTA on September 05, 2014, 01:47:21 PM

Quote from: CokeCoin on September 05, 2014, 01:16:51 PM

Quote from: Rira6ade on August 31, 2014, 09:38:14 PM

The entire purpose of fiat was to be more portable and divisible than gold. Bitcoin is divisible enough and infinitely more portable than fiat. Natural selection will eventually make fiat a thing of the past but it may take decades. Government corruption/violence, and public education/awareness are the only factors that can delay its progress.

That's actually not remotely true at all. Notes/coins that stood in place for gold were used just fine under the gold standard and they made the trading the ownership of gold easy. The actual reason the world collectively left the gold standard was its deflationary nature. The world's economists felt after studying thousands of years of human economies that human economies did best with a steady, low, annual monetary inflation of 1-2%, this was impossible to achieve with the gold standard where gold production could not keep pace with the growing world economy so countries left it behind.

Fiat was created BEFORE any economists started thinking kenesian theory. Fiat was indeed created and initially used because it was easier to transact in than gold. So yea, it is very true.

Not true. Its creation and the arguments for it are well documented, go open up some fucking history books pal. It had literally nothing to do with transaction ease. People had no more problem transacting on the gold standard than they did fiat. Both systems used notes and coins.