[redahs]

The traditional american school of thought on money is that

1) the optimal supply of money is externally determined by the needs of commerce for liquidity,

2) new money can be created to meet the needs of commerce through public loans secured by real property pledged as collateral without any fixed artificial limits on supply

3) money may be circulated with an expiration date to discourage long term hoarding,

4) general governments should retain the ability to suppress the private issuance of bank notes and regain public control of the circulating medium of exchange in order to emit unsecured notes to pay for defensive war expenditures in the event that it cannot obtain loans from private banks and it is existentially necessary to do so

So some of the ideals espoused by blockchain activists may clash a bit with that.

[chabad360]

I've never heard of 3, I love the idea, but it's literally the first time I've heard of it. Are there any sources that that is indeed a common opinion?

[perl4ever]

In effect, paper US currency does have an expiration date, because common denominations last 5-8 years. Or so I've read.

[iSnow]

Blockchain started with the "better money" idea, but it has moved on and branched out into totally different fields:

- Document storage and attestation

- Supply chain and provenance

- making digital art non-fungible in the sense that copies exist but ownership of an original as well

- Resource allocation in IoT by creating M2M markets