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You can actually create negative interest paper bank notes without needing cryptocurrency. One example is stamp scrip, where one must pay a recurring fee to mai
by jbay808 5y ago
You can actually create negative interest paper bank notes without needing cryptocurrency. One example is stamp scrip, where one must pay a recurring fee to maintain the note's validity:
https://en.m.wikipedia.org/wiki/Scrip#Stamp_scrip https://en.m.wikipedia.org/wiki/Scrip#Stamp_scrip
- californical 5y agoIsn’t that what we have inflation for though, essentially? It’s basically just an annual ~2% tax on cash (with some volatility)
- autosharp 5y agoThe central bank only sets interest rates directly, but not inflation.