> Fiat currencies administered by competent central bankers have the attractive feature that their governance can be used as a tool to cool excesses and calm p

> Fiat currencies administered by competent central bankers have the attractive feature that their governance can be used as a tool to cool excesses and calm panics when the credit cycle goes through its inevitable revolutions. No. Gold standard has none of the properties you told. Fiat currency is a disaster and evil. Besides, it's also likely the only reason why cryptocurrency is drawing attention to anyone. https://henvic.dev/posts/bitcoin/ https://henvic.dev/posts/bitcoin/