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I think this has already happened in China. They provided digital RMB as a stimulus that expired if you didn’t use it. We’re all Mario now.

lottin 5y ago
I think this is fake news.
- livueta 5y ago
  I think your comment is fake news: https://www.economist.com/finance-and-economics/2021/08/07/does-perishable-e-money-represent-the-future-of-fiscal-stimulus https://www.economist.com/finance-and-economics/2021/08/07/d... Please don't post shallow dismissals without actually researching the topic.
  - lottin 5y ago
    It's you who should research the topic before accusing others of posting shallow dismissals. The linked article says nothing about expiring money. Did you even read it?
    - deleted 5y ago
      [deleted]
    - livueta 5y ago
      Of course, as it literally describes the event the parent originally asserted occurred: > On August 1st Hong Kongers received the first instalment of the government’s consumption voucher, an effort to revive the city’s hard-hit retail industry. The amounts are generous (HK$5,000 or $640 > Unlike ordinary cash handouts, these e-vouchers must be spent within a few months. Otherwise they will “expire”. vs. > I think this has already happened in China. They provided digital RMB as a stimulus that expired if you didn’t use it. A voucher you can spend anywhere is cash, by definition. It is stimulus, as the parent mentioned. I don't get it: are you really trying to nitpick RMB vs. HKD? Anyway, sibling posts have provided yet more refs, so I have to believe you're being intentionally obtuse to save face. Your "fake news!" "nuh-uh" approach isn't adding to the conversation. I've made my case, so I'll leave it here as we're drifting into flamewar.
      - lottin 5y ago
        A voucher is not money. A voucher is a type of bond that may be used to purchase goods under certain conditions. One such condition could be that the voucher needs to be spent before a certain date. It's nothing new either. Vouchers have been around for ages. This is not what OP was talking about. THE OP WAS TALKING ABOUT A MYTHICAL CURRENCY THAT WAS SUPPOSEDLY PUT IN CIRCULATION IN CHINA AND THAT WAS PROGRAMMED TO EXPIRE AFTER A PERIOD OF TIME. THERE IS ZERO EVIDENCE THAT SUCH A CURRENCY WAS EVER PUT IN CIRCULATION IN CHINA OR ELSEWHERE. THEREFORE I WAS RIGHT TO POINT OUT IT WAS FAKE NEWS.

lottin 5y ago

I think this is fake news.

livueta 5y ago
I think your comment is fake news: https://www.economist.com/finance-and-economics/2021/08/07/does-perishable-e-money-represent-the-future-of-fiscal-stimulus https://www.economist.com/finance-and-economics/2021/08/07/d... Please don't post shallow dismissals without actually researching the topic.
- lottin 5y ago
  It's you who should research the topic before accusing others of posting shallow dismissals. The linked article says nothing about expiring money. Did you even read it?
  - deleted 5y ago
    [deleted]
  - livueta 5y ago
    Of course, as it literally describes the event the parent originally asserted occurred: > On August 1st Hong Kongers received the first instalment of the government’s consumption voucher, an effort to revive the city’s hard-hit retail industry. The amounts are generous (HK$5,000 or $640 > Unlike ordinary cash handouts, these e-vouchers must be spent within a few months. Otherwise they will “expire”. vs. > I think this has already happened in China. They provided digital RMB as a stimulus that expired if you didn’t use it. A voucher you can spend anywhere is cash, by definition. It is stimulus, as the parent mentioned. I don't get it: are you really trying to nitpick RMB vs. HKD? Anyway, sibling posts have provided yet more refs, so I have to believe you're being intentionally obtuse to save face. Your "fake news!" "nuh-uh" approach isn't adding to the conversation. I've made my case, so I'll leave it here as we're drifting into flamewar.
    - lottin 5y ago
      A voucher is not money. A voucher is a type of bond that may be used to purchase goods under certain conditions. One such condition could be that the voucher needs to be spent before a certain date. It's nothing new either. Vouchers have been around for ages. This is not what OP was talking about. THE OP WAS TALKING ABOUT A MYTHICAL CURRENCY THAT WAS SUPPOSEDLY PUT IN CIRCULATION IN CHINA AND THAT WAS PROGRAMMED TO EXPIRE AFTER A PERIOD OF TIME. THERE IS ZERO EVIDENCE THAT SUCH A CURRENCY WAS EVER PUT IN CIRCULATION IN CHINA OR ELSEWHERE. THEREFORE I WAS RIGHT TO POINT OUT IT WAS FAKE NEWS.