64 sats \ 1 reply \ @Undisciplined 5 Jun \ parent \ on: Zimbabwe central bank ironing out wrinkles in new currency econ
I know I assumed it wouldn't be legitimate. The opportunity and temptation to cheat are just too high. That's been the story of the gold standard for the past 2000 years.
It only sort of works when the note issuers are close enough to the note holders that a bank run is feasible.