Comment: What matters

(See in situ)

What matters

are legal tender laws.

Read the Constitution. The States are to make no thing but gold or silver coin a tender in the payment of debt.

Whatever currency is enforced by courts as valid for payment of debt has automatic value, regardless to what free markets would say.

That's why the Constitution stipulates that.

If the States make nothing but gold/silver legal tender it sets the standard. Then people can use whatever else they want (including Bitcoins, dollars, or tree leaves, for example) but it would only have value the people gave it, not automatic value for payment of debt.