RE: The lack of interest amazes me…
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interesting hedge for optionality. If the reset credits face-value coins at a premium to paper, you’ll win big, but history don’t really support unequal treatment across same-unit liabilities. Most redenominations map $1 to $1 in the new unit... unless specific series get excluded or capped. So low downside, but I’d treat the 100x as a tail, not base case :)
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Actually our Common Coinage will have the same Spending Power as our new product line of Silver Certificates, denominated in Cents… Our Sound Money will no longer be measured in Fiat Currencies unless you’re comparing the two… Stable Coins can’t be considered Stable, if they’re backed by Fiat… $1 will still be $1 but its value will be Greater and totally Stable… Prices of items will continue to Fluctuate in Value due to Supply and Demand, but our Sound Money will remain the same…. The reason behind the 100 to 1 Exchange Rate is because the Fiat USD’s have lost more than 99% of their Spending Power, leaving less than 1%… I figure the U.S. Treasury will offer a full 1% which will make Fiat USD’s the Best Fiat Currency to be holding at the time of the Announcement…