Today I conducted an experiment where I asked people to check their USD physical cash to see if we could find a paper bill that had been printed in 2018 or later. I had been checking my cash for a month and had yet to find one, I was starting to wonder if they had stopped making new bills!
I offered an increasing amount of sats to incentivize people to check their wallets until I maxed out at 50k. Nothing drums up interest like offering cold hard sats.
I was flooded with tens of responses saying they checked and couldn't find anything printed after 2017 until finally nostr:npub1wl89d7yazg500lehg08p45dj2jzhhyqg2erj067458e3wd30djns4zn8lu found a 2021 $1 bill.
Followed very shortly by nostr:npub13ldzrxwy8x066ll5zf45qtcltms40ld7fsy4rejdlcc64my80lcslchmy5 with a '21 $5.
The time has come for me to reveal why I just spent thousands of sats on this grand experiment...
🥁🥁🥁🥁🥁🥁🥁🥁🥁🥁🥁
I don't fucking know! This was way too unscientific and anecdotal to draw any conclusions from.
Could they be trying to cut down on circulating bills to prepare to issue a CBDC? According to the BEP they are printing just as much as they always have:
https://www.bep.gov/currency/production-figures/annual-production-reports
Where is all this freshly printed cash then?
Maybe the Cantillon Effect should be taken very literally and all the newly printed bills get distributed to billionaires and politicians first. Is all the freshest cash in Washington DC and just hasn't tricked down to us plebs yet? Who knows!
I thought this experiment might give me some brilliant insight, but it turns out it was just for fun. Best 50k sats I've spent.
#Bitcoin #plebchain #economics #grownostr #USpolitics #CBDC
Thanks for participating:
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nostr:npub13ldzrxwy8x066ll5zf45qtcltms40ld7fsy4rejdlcc64my80lcslchmy5
nostr:npub1wl89d7yazg500lehg08p45dj2jzhhyqg2erj067458e3wd30djns4zn8lu
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In the future you can swing by any bank branch and ask for a new bill. A teller will gladly exchange a new bill for one that’s been circulated. New bills are stickier and more annoying to handle.
The federal reserve releases a print order each year with a range for the number of bills in that denomination that will be printed.
