Quote from: hugeblack on September 24, 2021, 12:53:42 PM

It will fail to do so because the current financial system is too big to be linked to any asset, and many countries have printed trillions of dollars in the past year, so unless there is a third world war or a pandemic that leads to real changes, it is difficult to make fundamental changes in the current system .

Gold will fail to be a reserve of the currency, and therefore the closest is silver to be a substitute, provided that gold remains usable and some other psychological metals.

Digital money are good for reducing spending on printing money, but they will not resist inflation, but will only make it worse.

Of course, fiat money cannot be fully supported with liquid assets, moreover, it is impossible to exchange fiat money for this asset instantly. It is about digital money.

Creating digital money protected from inflation with purely mathematical methods seems quite possible to us.

All we need is to create a mechanism to syncronise the value of emission of such money and goods inflation. Then the value of such money would change along with the rising value of the goods.

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