Cash isn’t really controlled either. If my neighbor wants to sell me his guitar for $10,000 I can take a bundle of cash to him and get the guitar.
> the misguided belief that laws can direct human behaviour
Laws can direct human behavior.
> People will always favour the currency with the least amount of hoops to jump through
I mostly agree with this. It’s a lot easier for me to use US dollars (directly or indirectly through a debit or credit card) than pesos or rubles or yen. So I spend US dollars mostly through a credit card because it’s easy, fast, has generous rewards, and protects me from shitty sellers.
Cash isn’t really controlled either. If my neighbor wants to sell me his guitar for $10,000 I can take a bundle of cash to him and get the guitar.
> the misguided belief that laws can direct human behaviour
Laws can direct human behavior.
> People will always favour the currency with the least amount of hoops to jump through
I mostly agree with this. It’s a lot easier for me to use US dollars (directly or indirectly through a debit or credit card) than pesos or rubles or yen. So I spend US dollars mostly through a credit card because it’s easy, fast, has generous rewards, and protects me from shitty sellers.