HOLY MOLY THIS IS AN AWFUL ECONOMIC SYSTEM.
SERIOUSLY, AN ENTIRE MONETARY SYSTEM BASED ON A CURRENCY THAT IS NOT ONLY KNOWN TO BE DESTROYED BY A SIZE-ABLE PORTION OF THE PUBLIC, I BUT IS KNOWN TO BE REGULARLY DESTROYED!
WHY USE A PRETTY COMMON GOOD AS YOUR MONEY, THIS WILL JUST LEAD TO INEVITABLE MASS INFLATION WITH ALMOST NO ABILITY TO DE-INFLATE SINCE ITS MINED AND NOT MINTED!
I really hope this goes in the direction where there's conflict based on the extreme economic instability this causes. That is, if its not just explained that they have an infinite mine that constantly makes this ore in large quantities.