>>9889932 lb
If we have a currency backed by Au and Ag, how do we make internet transactions with people states away?
Do we just revert back to the 1980s?
How will your local somethingmart get its product from Japan if they're going to be unwilling to ship them a bunch of au or ag overseas?...
So, the way blockchain works is anyone can create their own blockchain and launch a Token or Coin themselves, although Tokens usually refer to derivatives.
In other words, that's the only way anyone has ever made a new Token/Coin and the reason it works like that is because it's a decentralized technology.
While I'm not claiming any one Token/Coin already in existence could see actual "fiat" use, I think some sort of blockchain-meshed currency is inevitable and that the people sitting around scoffing at anyone that mentions it are doomed to inevitable disappointment.
I'm not sure there's another answer to the question I've posed and I've asked around in a lot of different places which are regularly occupied by a lot of very intelligent people, all of whom can never really give a reasonable answer beyond what we've already described.