>> There have been many mediums of exchange in history that were not hinged on the fiat currency of their time. I address that in my post (read it). Those medi

>> There have been many mediums of exchange in history that were not hinged on the fiat currency of their time. I address that in my post (read it). Those mediums you mention have always been government/nation backed or had tangible value (spices/jewelery/precious metals/etc.). Also, you pretty much said it yourself in your post. There have been mediums. Not anymore, they didn't last.