I once asked about this: https://forum.freecapitalists.org/t/rothbards-plan-for-gold-and-the-dollar-how-would-the-markets-react/4379 Didn’t really get any answers. I also ran the numbers for the UK and the £, as if Rothbard’s plan was implemented here, and the numbers were even more extreme. The ratio came out to about £20k per oz of gold - over 20 times what the gold price was at the time. I just can’t see how Rothbard’s transition could happen without causing massive market shocks, unless perhaps all governments / central banks agreed to go back to a gold standard at the same time.
Contra what I said in that thread nearly 4 years ago, I now think Hayek’s simpler idea for getting back to sound money was better than Rothbard’s. Rothbard’s criticisms of Hayek’s ducats idea are good as far as they go, but if Hayek’s ducats had “something extra” beyond being just the paper tickets he imagined, Rothbard’s criticisms - that a new currency basically can’t get off the ground - are nullified to a large degree. I think Bitcoins are like Hayek’s ducats with that “someting extra” being it’s unique qualities stemming from it being a cryptocurrency rather than paper, which have enabled it to get off the ground in a way that Rothbard did not or could not have predicted.