Imagine a stored-value card so thin it could be folded, and that could be accepted with zero hardware. The catch: the value is fixed.
So it has to be surrendered on the first use. You can however get similar cards with smaller fixed values in return.
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like cash?
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trivially easy. The difficult part is making an effortless way of tracking the use of these cards for later spending analysis.
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terrible idea. If you launched a startup doing that it would get regulated to death. Imagine the implications for criminals to use it.
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isn't that just another name for 'currency' except that it has to be used in totality & there is no change given back to you?
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This could be a digital cash, which succeeds!
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Please review the abandonment of the patron gold in modern nation-states. Napoleon did it for some reason: global hiccups. Familiar?
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So... dollar bills?
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are you describing cash?
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Cash Rules Many things Around Me
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I must have missed some critical difference. This looks like a fact from long forgotten history told to amuse people in Galactic Era.
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