[anonymars]

Here's a thought experiment for you: if "fiat currency=bad" and "hard money=good", why did the world collectively switch? Where are all the prosperous societies that held the line?

[fyzix]

They were forced to switch when the dominant military power decided to rugpull on August 15, 1971.

[anonymars]

Exactly how did the US suspending conversion of its dollar to gold prevent other countries from using hard currency instead of fiat for their own?

[singingtoday]

There is an answer the crypto enthusiasts have to this, but since I'm not one of them I wouldn't do the argument justice.

The short version is, it's about control and power.