Part of the dominance of fiat is the effect of lending and investment markets on business cash flows. Reported earnings are a tax liability for an individual, but they are an asset to a business, which increases the value of their equity and increase their debt ceiling. In an inflationary monetary system, the most important thing is asset leverage, so privacy is a bad thing. It's a funny thing actually. The SEC deals mainly with corporate over-reporting and IRS with individual under-reporting.
There is a "Gresham's Law" kind of question here, whether 'better' is actually better.
There is a "Gresham's Law" kind of question here, whether 'better' is actually better.