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35amxn35 | 3 years ago

It's true. It's also helpful when you live in an authoritarian/corrupt country. Same as cash.

The day cash is banned, it's completely over.

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imtringued|3 years ago

If cash is banned and a central bank gets the funny idea of setting the short term negative interest rate to -5% permanently, then corruption would disappear because the return on money obtained via corruption is no longer guaranteed to be positive unless it helps the economy more than the initial corruption damaged it. A few years later cash with demurrage fees would be implemented.