3 ms·
3) You're giving them things that cost you nothing to produce which they can then sell for money. I actually think this was a bit of an aha moment for me re: c
by larksimian 9y ago
3) You're giving them things that cost you nothing to produce which they can then sell for money.
I actually think this was a bit of an aha moment for me re: cryptocurrency and government.
It's possible for a government to setup a market for a public good, create a currency for that good and distribute that currency equally to people. All without spending actual currency(ignoring administrative costs of setting up a blockchain).
The value of the public good for people then determines the USD exchange rate, but poor people are never excluded from using the good and at the same time you are not massively inflating the money supply.
edit. In fairness, nothing about this requires a cryptocurrency/blockchain. It's more a general argument in favor of governments charging for public goods by creating custom (maybe fiat) currencies which they distribute equally to all citizens.
There might be administrative and/or psychological benefits to running all these custom currencies on blockchains.