> allowing private entities to issue their own currencies. It is much better than the single monopoly of the government-issued money.
Please elaborate on this.
Why is it better for the people to have dozens of currencies that they can only use for a very limited selection of stores and have to trade for other uses?
The only incentive for "private currencies", that I heard of, is to confuse customers and make them forget that they are, in fact, using real money and not only digital tokens.
Please elaborate on this.
Why is it better for the people to have dozens of currencies that they can only use for a very limited selection of stores and have to trade for other uses?
The only incentive for "private currencies", that I heard of, is to confuse customers and make them forget that they are, in fact, using real money and not only digital tokens.