The brute power relationships underpinning landownership ultimately distill down to military power, and landownership is determined that way. No amount of inst

The brute power relationships underpinning landownership ultimately distill down to military power, and landownership is determined that way. No amount of institutional complexity can negate this fact. Land is necessary for all production and for all life. Control of land enables the owner to demand a rent, and to demand it in whatever form the landowner wishes. That form could be as terrible or as optimal as conceivable, but that choice is ultimately up to the sovereign. None of your traits for optimal money matter by comparison. Those factors will surely enter into the consideration of any wise sovereign currency issuer, but only if they are wise. The currency that is demanded could be a cryptocurrency, although a sovereign currency issuer would be foolish to ever choose that, and would put them at a strategic disadvantage during war.