If the government created and issued a government-backed crypto currency to all citizens (or just low income people), and ordered all businesses that are able to accept it do so, explain in comments how that would play out? Good or bad? #cryptocurrency #coronavirus
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Replying to @ScottAdamsSays
I thought of a similar thing. The question I haven’t worked is whether it is really different from just sending cash. Is there a benefit to having currency that will be worthless later on?
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Replying to @CongFartwell @joshgans
Same as now. Buyers pay with crypto, then stores have that money to spend as they please.
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Replying to @ScottAdamsSays
In that case, no different in terms of national debt. Just another debt instrument from the government. May as well print money.
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Replying to @joshgans
Bitcoin did not create debt. Why would any other crypto create debt? Not arguing, just trying to understand.
8:41 AM - 20 Mar 2020
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