Currency has, in fact, never been a wholly stable affair. Before paper money, allowing non-gold monies was a way of inducing inflation. But silver or platinum or cigarettes are clearly exact matches for gold while Patiocoins could automatically be that (and Patio is "famous" - that should be enough for a few people).
So this should only reinforce the point that money and currency can't just exist as a "natural" abstraction generated by an algorithm but rather must depend on social conditions (any society's currency system is transparently dependent on the overall configuration of that society's member's beliefs about the world).
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Well yes, http://en.wikipedia.org/wiki/Bimetallism
Currency has, in fact, never been a wholly stable affair. Before paper money, allowing non-gold monies was a way of inducing inflation. But silver or platinum or cigarettes are clearly exact matches for gold while Patiocoins could automatically be that (and Patio is "famous" - that should be enough for a few people).
So this should only reinforce the point that money and currency can't just exist as a "natural" abstraction generated by an algorithm but rather must depend on social conditions (any society's currency system is transparently dependent on the overall configuration of that society's member's beliefs about the world).