...With the advent of government-issued paper currencies.
Your answer: ...With the advent of government-issued paper currencies.
Discussion: it is impossible to change the function of currency with the advent of currency.
Or did you intend to imply that currency is no longer a store of wealth with the advent of fiat currency? In that case I agree. But Friedman and the Austrians still maintain that currency should serve as a store of value. Are they off base?