[jdreaver]

> ...I know no modern country that currently adheres to gold standard and no plans for its return have emerged across a large number of economical cycles. This leads us to believe that the decision to abandon it was backed by real economical incentives to do so, not emotional or political.

Most "modern" countries also want to spy on their citizens, curb free speech, and spend their way out of debt. Since most of them do it, their decisions must have been backed by real incentives, not emotional or political. /s

The gold standard at least kept the money almost sane, but now any government can print as much money as they want. Inflation created as a result is one of the biggest hidden taxes on the poor there is. Giving governments a monopoly on the money supply is part of the reason our current currencies are worth less and less every year.

My favorite aspect of Bitcoin is that it isn't created by committee, and no secret team of government economists gets to control the supply. I personally think Bitcoin in particular will be supplanted by something better, but I can't wait until crypto-currencies become the norm and we look back to see that the naysayers were on the wrong side of history.