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harkat82 t1_ixm6pqw wrote

For the state theres an obvious advantage, coins are a lot easier to use than raw gold so there's a benefit to the economy (assuming you can stop them being debased). So that's why emperor's did it. But for your average oligarch it's mostly just propaganda (or maybe theres a coin shortage in their region).

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The_Original_Gronkie t1_ixncebo wrote

Can you imagine Musk or Bezos minting their own coins and valuing them based on the current price if the metal? That seems like something that would get those guys off.

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TTKnumberONE t1_ixoilyt wrote

Let me introduce you to the majority of cryptocurrencies

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