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Points heard - I've been down this road, too. Contracts & debt can be specified in any currency, including a private one, even if taxes have to be marked to a
by nealbozeman 4y ago
Points heard - I've been down this road, too.
Contracts & debt can be specified in any currency, including a private one, even if taxes have to be marked to a national currency at the end of the year. But still a question of why adopt it?
A private currency, to get adopted, would have to be as good as a national one, plus more. UBI might help that cause. No transaction fees might be another. Stability without interventions, a 3rd? Accessible to informal economies?
Issues to overcome with each.