I agree, but without a credible exchange of any kind, you're left with party-to-party bartering, and no real means for pegging prices. Just like every other currency/commodity.
... it ain't credible.
On the other hand, it sounds like they would have a great career path at the federal reserve...
I don't mean to be too harsh, but I can't see any value in this part of your comment. It will only possibly lead to derailment of this discussion.