• @Maggoty
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    12 days ago

    India made a run at wealth hoarding by issuing a new currency. They declared it was worth something like 5 old currency and you had to personally turn in old money to get new money. You couldn’t just digital it.

    I have no clue how well that did or didn’t work but they haven’t imploded yet. So there’s a lot more play in this money thing than the finance industry would like us to believe.

    • @[email protected]
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      12 days ago

      They declared it was worth something like 5 old currency and you had to personally turn in old money to get new money

      Then it’s not just backed by their declaration