• AggressivelyPassive@feddit.de
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    10 months ago

    Thing is, the entire monetary system is kind of a promise note, just a rather reliable and legally enforceable one.

    Even something like a payment plan is essentially a promise note, credit cards too.

    • CodeName
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      10 months ago

      Yeah, but like you said all those things are backed and based on the US dollar. Company scrips have been illegal for decades. This guys idea of a promise note seems more like an IOU scribbled on a napkin.