Good point, although your question contains vague language. What is nearby? I guess depending on the mode of transport, nearby can mean anything.
Another issue has to do with the locality of whom you'd trade goods and services with. If the desire is to obtain goods and services available in Chicago and you want to enjoy them in dusthole New Mexico .... I see no reason why a fine grained infrastructure of exchange could not support this if the need to pay for these in a digital currency is required. On the other hand, it is quite feasible to use postal mechanics to trade and make payments c.q. presentments in any form.
It seems to me however, currency is the least of the worries to solve. The transportation of these goods and services is the issue, as it requires the involvement of actors highly dependent on regulations. Think patrol to fire up a mode of transportation. How is that being paid for if it is price gauged with taxes? It would require the abolition, or at least the refusal to pay taxes at all, lest the local governments, regional governments and state governments allow for payment with other means than the required CBDC.
When viewing this issue, it seems to me that a separation is starting to emerge. There is of course what is viewed as the normal economy, meaning the current iteration and its followup system called society 4.0 and the likes (ESDG driven) and the parallel economy, which is not taxed at all, and does not support .gov financing.
Of course, people make their own decisions, when and where to spent currency. The CBDC in China is capable of restricting those two dimensions. As a matter of fact, CBDC could be programmed to allow only certain amounts to be spent on goods and services in a 15 minute circumference around the seat of your legal person.
The potential for accepting bitcoin or equivalents worldwide is a beauty in and of itself. It is this globalism idea that totally upends regional and local economies. I therefore find it very ironic a CBDC would contain a push to support local economy, despite the reason for it being flawed and pernicious.
There is a good reason to support a regional and local economy, as the means of exchange are being kept right there, allowing for wealth creation locally and regionally. I would recommend to read this article about SARDEX, which was started in 2008 based of on the Cyclos system, which strictly is a contained market-place with a credit system with no interest and it cannot be exchanged for euro at all. Requirement is the creation of value by production. https://www.ft.com/content/cf875d9a-5be6-11e5-a28b-50226830d644
Viewing the discussion from this angle: local, regional economies, it seems to me that both Precious Metals and Bitcoin and equivalent and an interest free trade system based on trade value can serve several objectives in a complementary manner.
In my region I submitted to several entrepreneurs to allow a hybrid. By allowing the payment of VAT in legal tender and the goods themselves in PM. This way a soft-landing can be achieved for an otherwise difficult issue, as the share of government in our local economy is 80% if all tax is considered over a year.
Of course, it does not solve everything, but maybe it is a start to facilitate this demand for divergence from the life force sucking parasitic system we have grown to use.
So basically, perhaps we should also change our discussion in a different direction instead of focusing of our energies on a discussion that solves nothing but leaves us bereft of actionable solutions.
Good point, although your question contains vague language. What is nearby? I guess depending on the mode of transport, nearby can mean anything.
Another issue has to do with the locality of whom you'd trade goods and services with. If the desire is to obtain goods and services available in Chicago and you want to enjoy them in dusthole New Mexico .... I see no reason why a fine grained infrastructure of exchange could not support this if the need to pay for these in a digital currency is required. On the other hand, it is quite feasible to use postal mechanics to trade and make payments c.q. presentments in any form.
It seems to me however, currency is the least of the worries to solve. The transportation of these goods and services is the issue, as it requires the involvement of actors highly dependent on regulations. Think patrol to fire up a mode of transportation. How is that being paid for if it is price gauged with taxes? It would require the abolition, or at least the refusal to pay taxes at all, lest the local governments, regional governments and state governments allow for payment with other means than the required CBDC.
When viewing this issue, it seems to me that a separation is starting to emerge. There is of course what is viewed as the normal economy, meaning the current iteration and its followup system called society 4.0 and the likes (ESDG driven) and the parallel economy, which is not taxed at all, and does not support .gov financing.
Of course, people make their own decisions, when and where to spent currency. The CBDC in China is capable of restricting those two dimensions. As a matter of fact, CBDC could be programmed to allow only certain amounts to be spent on goods and services in a 15 minute circumference around the seat of your legal person.
The potential for accepting bitcoin or equivalents worldwide is a beauty in and of itself. It is this globalism idea that totally upends regional and local economies. I therefore find it very ironic a CBDC would contain a push to support local economy, despite the reason for it being flawed and pernicious.
There is a good reason to support a regional and local economy, as the means of exchange are being kept right there, allowing for wealth creation locally and regionally. I would recommend to read this article about SARDEX, which was started in 2008 based of on the Cyclos system, which strictly is a contained market-place with a credit system with no interest and it cannot be exchanged for euro at all. Requirement is the creation of value by production. https://www.ft.com/content/cf875d9a-5be6-11e5-a28b-50226830d644
Viewing the discussion from this angle: local, regional economies, it seems to me that both Precious Metals and Bitcoin and equivalent and an interest free trade system based on trade value can serve several objectives in a complementary manner.
In my region I submitted to several entrepreneurs to allow a hybrid. By allowing the payment of VAT in legal tender and the goods themselves in PM. This way a soft-landing can be achieved for an otherwise difficult issue, as the share of government in our local economy is 80% if all tax is considered over a year.
Of course, it does not solve everything, but maybe it is a start to facilitate this demand for divergence from the life force sucking parasitic system we have grown to use.
So basically, perhaps we should also change our discussion in a different direction instead of focusing of our energies on a discussion that solves nothing but leaves us bereft of actionable solutions.