Economies can work without currencies. It's a little inconvenient, but bartering/trading goods for services was common in the depression when nobody had any cash.
No I had the speculative ponzi front of mind when making that comment.
Governments love crypto because it lets you seize lots of money from criminals across borders. And it is legal gambling where you can tax the winnings without reimbursing the losers (unless they can offset it but most probably can not)
SoftTalker|4 months ago
amatecha|4 months ago
https://www.armstrongeconomics.com/history/europes-economic-...
https://collectingpapermoney.spmc.org/wiki/Scrip_Issued_duri...
majormajor|4 months ago
lemonlearnings|4 months ago
Governments love crypto because it lets you seize lots of money from criminals across borders. And it is legal gambling where you can tax the winnings without reimbursing the losers (unless they can offset it but most probably can not)