If you don’t see how conflating IOUs with Hard Money distorts prices & artificially amplifies demand, then you also probably don’t understand that Fractional Reserve Banking does the same thing.
#Bitcoin solves the Lloyd Christmas Problem of Money.
https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQ61Dd72R_8Qe1KHgaZz7bteyA24mrcJhu7XA&usqp=CAU