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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The dollar has value *because* taxes and oil are traded in dollars.
End of conversation
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You could (temporarily) peg it to the dollar like we used to do with gold, until it stabilizes.
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Trumpcoin?
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Coinstitution
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Trumpcoin through Facebook?
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If it is accepted as tax payments, then there would be lots of speculative trading each year before the IRS announces the conversion rate. Some years it would be cheaper to pay in cash, but the poorest wouldn’t know which years.
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