Originally posted by PurpleGorilla
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@LondonManc: it doesn't need to be global. For tourism you buy your foreign cash; visiting tourists are given a contactless chip 'n' PIN card they can top-up. But yeah, you'd need to force all businesses to accept them (abolish per transaction charges to make that easier to sell) and you'd want the back-end to be stable. Once you do that anyone using cash is automatically afoul of the law because they're implicitly tax dodgers or whatever.
@BrilloPad: Totally. Given the existing currencies have value because of "faith in the system" or whatever nonsense, the fact that people actually believe there's some finite amount of currency and the country has a big credit card bill to pay down is amusing. Not sure what kind of shock it would take to reveal the emperor has no clothes to people who weren't Guardian readers after the last crash, but it's got to fall apart at some point, right?
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