this post was submitted on 07 Jun 2024
996 points (92.1% liked)

Memes

45670 readers
1908 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago
MODERATORS
gary_host_laptop@lemmy.ml
sexy_peach@feddit.de
cyclohexane@lemmy.ml
cypherpunks@lemmy.ml
996
the debt (lemmy.world)
submitted 5 months ago by Varven@lemmy.world to c/memes@lemmy.ml
164 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] Catoblepas@lemmy.blahaj.zone 26 points 5 months ago (2 children)

Printing imitation US dollars is illegal. Printing Varven Bux is legal! They may not be accepted everywhere, though.

[–] wreckedcarzz@lemmy.world 7 points 5 months ago

Imitation is illegal... Smh why does nobody just print real money? Am I the only one seeing this loophole?!

[–] PunnyName@lemmy.world 4 points 5 months ago (2 children)

Money = reputation

[–] volodya_ilich@lemm.ee 3 points 5 months ago

It's not even about reputation, it's mostly about taxes. You enforce the private sector using the state's monopoly of violence to pay tributes in a currency that you create. This way, when there are transactions in the private sector, the main currency that people will want to use (provided it's stable enough) is the one that lets them pay their taxes later. You can't pay taxes with dollars in Hungary, which makes Hungarian people use Hungarian currency instead of Chinese Yuan even if the Chinese Yuan is a much stronger currency.

And yes, the state having the monopoly of violence and enforcing taxes is a good thing, before anyone accuses me of being an anarchocapitalist.

[–] humorlessrepost@lemmy.world 3 points 5 months ago* (last edited 5 months ago)

So I have a money for putting out easily? That tracks, actually.