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> assuming we get rid of cash somehow. Cash is finite. Just stop printing it. And tell the populace they have until XXX to convert their cash to fedcoin. After
by TedDoesntTalk 5y ago
> assuming we get rid of cash somehow.
Cash is finite. Just stop printing it. And tell the populace they have until XXX to convert their cash to fedcoin. After that date, financial institutions will no longer accept it. India and lots of countries do this when they want to introduce anew currency (devaluing)
> banks already keep track of all the transactions that take place.
Not cash transactions. And they don’t do things like calculate your reputation score based on who you are transacting with (casinos? Liquor stores? Pot stores? Stripper clubs?)