@JuliusCrypto @_MouseDev@0xIPC he mentions that since _convertCentsToWei is called within onlyOwnerOrAdmin, and because that will fail that changeIpcName function wont go through. The fix is to allow admin to all USD function, but does that mean an admin only needs to call USD once to allow it to work?
@Breedlove22 Not quite, in fact, back when we had a gold peg nations were more inclined to war over gold reserves as there was only so much of it. Easier to take it. Now we rely on global trade. Much more peaceful and productive
@PrestonPysh@saifedean Doesnt the necessity of a "standard" inherently imply a monopolistic decision on a monetary policy? If you say no, it can be one in which the free market decides. We currently live in that world. The free market has chosen USD. Is there another option?
@PrestonPysh@saifedean Following ur cynicism for governments. Logically, wouldn't they have found a way to bastardize a peg to gold (or any other hard money) to finance necessary progress at some point?