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by grondilu 3156 days ago
One thing governments could do is this:

- Create a digital token system that can be exchanged and accounted freely via a centralized server.

- Give it a name. Don't even call it a currency, let people use it as money if they want to.

- Give a limited amount to any citizen who wants some. Or maybe sell it, whatever. Just figure out a way people can get some. It can't be so hard.

- Promise there will never be more than some fixed amount in total.

Only governments could do something like that because despite everything, most people trust them about money.

It'd be kind of a mixed between the different money systems.

1 comments

> - Create a digital token system that can be exchanged and accounted freely via a centralized server.

This is a database

> - Give it a name. Don't even call it a currency, let people use it as money if they want to.

A token that is used as currency is currency

> - Give a limited amount to any citizen who wants some. Or maybe sell it, whatever. Just figure out a way people can get some. It can't be so hard.

How will the token have value if everyone receives it for free?

> - Promise there will never be more than some fixed amount in total.

No one will fall for this again. Governments always print money to fund its own projects

> Only governments could do something like that because despite everything, most people trust them about money.

Bitcoin's price goes up because people don't want to trust government with money

> No one will fall for this again. Governments always print money to fund its own projects

But if the total amount of money was publicly visible, things could be different. For better or worse, people build trust from the past. If they see that the government has not raised to the total amount for many years, they may believe it won't do it either during many more years.

Kind of with treasure bonds. Despite the high level of debt most countries are in, investors keep believing the countries will pay back, because they have been for so long.