Why some arguments for 'Gold money standard wouldn't work' do not make a lot of sense 1. 'Co-operation under anarchy is impossible to achieve' The whole point

Why some arguments for 'Gold money standard wouldn't work' do not make a lot of sense 1. 'Co-operation under anarchy is impossible to achieve' The whole point of money is to get people with different motives to co-operate. It is a technology that allows people to produce, store and exchange value. This system does not require perfect coordination, it only has to be good enough and humans have built good enough systems of coordination based on gold many times over the course of history. Is there any good reason to think humans have lost this ability? 2. 'The specie-flow numbers are not perfect' Neither are most financial models including discounted cash flow, interest rate models etc. They do bake in many assumptions and conditionals but that does not mean it cannot be used to build a system. However, there is a point to be made about the fact that gold is not that useful in the modern world because of the invention of new alloys like stainless steel, improved metalworking technologies etc. Also, economic activity would be correlated with gold extraction if we move into a gold standard. However, we already have economic activity correlated to commodity extraction when it comes to oil. Oil (and other forms of cheap energy) consumption are a direct predictor of the economic output of a nation and so far there are no substitutes for oil. Technically speaking the world might be better served by an oil standard. Ideally, there could be a central bank that exchanges (standardized) oil for paper currency. The system could be kept honest as new currency is only issued when people supply oil to the reserves and currency is destroyed when it is redeemed from the reserves. This would mean that currency circulation and economic activity is proportional to oil extraction which is already roughly how modern economies work. However, this will never happen since western countries have deadly militaries and they are not going to let middle east economies set their own agenda on the global stage. Long term however, if we can get hydrogen as currency that might be best. I am not a chemist, but it might be possible to develop good electrolysis technology to store energy by splitting water into hydrogen and oxygen. Then burn hydrogen to generate power and release harmless water vapor. We could have a decentralized monetary system that could potentially benefit everyone.