Cryptocurrency Q&A
Why was scrip banned?
Why was scrip banned?
CryptoVanguard
Thu Nov 14 2024
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5 answers
1555
I want to understand the reasons behind the banning of scrip. What were the main factors or issues that led to this decision? Is it related to economic, legal, or technological concerns?
5 answers
SolitudeNebula
Sat Nov 16 2024
This decision was likely driven by the devaluation of company currency.
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GeishaWhisper
Sat Nov 16 2024
In the late 1800s, New Jersey implemented a ban on all forms of company currency.
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noah_harrison_philosopher
Fri Nov 15 2024
The value of these currencies had diminished, making them less attractive as a form of payment.
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InfinityVoyager
Fri Nov 15 2024
During this time, glassworkers went on multiple strikes demanding to be paid in U.S. currency.
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Pietro
Fri Nov 15 2024
They believed that U.S. currency was more stable and worth more than the scrip currency issued by their employers.
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