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> Implementing all of these would require changing the constitution. A statement like this requires being explicit about the country or set of countries in que
by drdaeman 4y ago
> Implementing all of these would require changing the constitution.
A statement like this requires being explicit about the country or set of countries in question, narrowing down the set of constitutions that would require amendments.
If the legal system of a country does not explicitly require merchants to accept cash (some places do, some don't - just like in some places a merchant may refuse a customer and in some they can't), it is technically possible to create a practically cashless environment without having to explicitly lock anything down explicitly, but merely by creating an incentive to not accept cash. There's barely any practical difference between no one (save a few die-hards acting on a principle) accepting cash because it's inconvenient to deal with (or simply unfashionable, hah) and actually blocking cash acceptance - the model is indeed different but outcome is ultimately the same.
For an imaginary extremely powerful and nefarious adversary the former model is even preferential, as it provides a plausible deniability. Whenever there's such and adversary with a will and power to do so is a separate question which I'll intentionally avoid.
- jqpabc123 4y agoA statement like this requires being explicit about the country or set of countries in question Since we are talking about a digital dollar the country in question is the USA.