What if the US main competitor (China) keeps this new "coupon" system and just creates another 30 trillion yuan over the next few years. The crazy thing is a "limited duration" or "limited use" digital money. That is real control. Give the citizenry time limited cash to spend into a struggling economy. But, if you can't get hard assets with it (unlimited duration) then it's not real money. But, it could be weaponized as a form of helicopter money or a sort of targeted universal basic income (maybe can pay interest with it). This is crazy stuff. Maybe have a fixed (floating?) conversion rate with the unlimited duration yuan? Imagine a sort of 'chimera' capitalist-communist system with weaponized and unconventional monetary policy? I don't even know how to think about money that has a life span.
something says you left off the word "yet" from that sentence. you are thinking far beyond the average bear by a damnsight. on the lighter side... https://www.elitetrader.com/et/threads/will-blockchain-change-money-and-business-poll.335193/ -