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Perhaps the inequality Digital money > Cash is perceived by the nocoiner as not true.
The way they might see it is Digital money = Cash or even Cash > Digital money. The subjective view of the recipient would be the ruling view of the value of the gift.
"Digital money" doesn't have to mean bitcoin or crypto. I was mostly thinking of something like Venmo or Paypal accounts.
You are probably better off with FRNs. No interest on them.
I'd prefer cash over those.
Haha this is lovely! Poor rational beings get stuck in infinite loop
Not if you can break out of it through subjective valuations!!
There needs to be a term for this type of thing: overwhelmingly logical refutations of the value of things people clearly like.
How would unreality work?
I give cash to family
Gift cards for secret Santa
Wine is relatively cheap and easy
I received Scotch whiskey 🥃 yesterday from a close friend. Oban
Like any economist, as you note, I've considered writing a post along these lines. Yours is better than mine would have been, though. Very lively.
There's a great cycle problem that illustrates irrational preferences (or it really doesn't for reasons you hint at):
Blank out,