The idea of switching to a digital currency seems pretty pernicious for any number of reasons. Among others, it will allow TPTB to track everyone’s every move.
With that in mind, I think it’s totally feasible to keep and transact in physical currency. Currency can be any storage of value that is agreed upon. Nails were the currency for many transactions in the colonial days. Cigarettes still are in prison.
My proposal is to peg the value of US coinage to a basket of crypto currencies.
That is, take the value or weighted value of 5 or more crypto currencies and divide by the number of quarters in circulation. You can even fractionalize the basket and use a conversion factor so that the initial value of the New Crypto based “quarter” is close to the dollar face value.
I would rather use a basket instead of a single crypto like Bitcoin, because I’m not confident a single crypto can’t already be compromised, or hoarded by the elite.
In any event, don’t cash in your coins. I prefer using coins because they don’t fall out of circulation as easy as paper. Also, paper has close to zero intrinsic value. Metal does, if only a little.
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