Hacker News new | ask | show | jobs
by JumpinJack_Cash 1237 days ago
Did the governments bother trying and evaluate the popular support for such idea? Or is yet another top-bottom thing like CBDC?

On a lighter note even if there is agreement the first problem will arise when deciding who gets on the bill, Pele or Maradona /s

Currencies are inherently a thing of countries , not sovra-national entities. The Euro has been a failure for everybody except Germany

1 comments

> Did the governments bother trying and evaluate the popular support for such idea?

They couldn't care less about such things. In 2005, a gun control referendum took place and 63% voted against disarmament. It didn't matter, they still pushed disarmament into law.

https://en.wikipedia.org/wiki/2005_Brazilian_firearms_and_am...

> The Euro has been a failure for everybody except Germany

That's the design. The whole point of such a "currency" is to transfer whatever economic strength Brazil has to the other failed economies of south america. Socialize the losses of Argentina and Venezuela among the brazilian population.