4 ms·
What an articulate description of your views. Thank you! I know it was only a subset of your comment, but I’m very curious how an expiring subcurrency would fu
by rytill 5y ago
What an articulate description of your views. Thank you!
I know it was only a subset of your comment, but I’m very curious how an expiring subcurrency would function in an real economy.
How would you propose regulations work for a food credits “black market”, e.g. I will pay you 150 general-purpose capital credits for your 200 food bucks?
Would non-digital cash be completely done away with? What about objects of value that could be given to others? Would the transfer of expiring assets for non-expiring assets be prohibited? What about favors and more subtle ways of transfer?
How would food credits be legitimately redeemed? Would a small shop that complies with policy be able to instantly convert a food credits profit into capital that they could use to expand their business?
- pphysch 5y agoAll of these limited currencies would exist on a centralized government platform; no physical currency. There would be no third-party ability to create/transform these currencies. So all swaps/trades would have to be done on the official platform or via its APIs, which you could of course integrate into third-party websites. The govt could even run markets (with tariffs to discourage volatility) to swap between different currencies. Frankly, >90% of the tech infrastructure is already here in America between corps like Amazon and Stripe. We just need to go the extra mile to "nationalize" these corps and integrate them into one huge economic system. A monumental task, to be sure. But the road is already being paved by less liberal nations.