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The idea of expiring money is more than a century old, and has been tried on a small scale in a few municipalities ("stamped money"). https://www.npr.org/secti
by bwestergard 6y ago
The idea of expiring money is more than a century old, and has been tried on a small scale in a few municipalities ("stamped money").
https://www.npr.org/sections/money/2019/08/27/754323652/the-strange-unduly-neglected-prophet https://www.npr.org/sections/money/2019/08/27/754323652/the-...
- jefftechentin 6y agoI am not arguing that expiring currency is unprecedented. Further, I am aware governments have had control over the money supply for thousands of years. Main thing that worries me is the sophistication of the control. What I do not want is all economical activity to be corralled into a financial system where states/bankers can see every transaction, take your assets at a key press, and destroy your savings. State backed currencies seem like a good idea, so do legal alternatives and anonymous payment options like physical cash.
- bwestergard 6y agoI'm not taking a position, just adding context.