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by BizarroLand
1381 days ago
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Some version of it may be implemented by America switching to a digital currency. There would be a central regulatory bank that administers financial transactions and serves as a source of truth while Point of Transaction registers send the data for the plusses and minuses in every non-physical cash transaction event. It wouldn't supplant the physical dollar in any reasonable time as there are many reasons why such bearer bonds would be useful, but I could see it displacing the VISA/MC/AMEX/DISCOVER dominance over electronic financial transactions in America at least. |
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