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RE: What if you had to spend your crypto currency within a certain length of time?
To answer your headline: Nobody would use it (outside an idiological circle)
And yes, that has been done several times by conventional money.
In case of crypto currencies that system would just be moved around by everyone having 2 wallets.
Thanks for replying @lennstar.
I imagine the ideological circle might grow to a large number of people
That's definitely a flaw. I wonder how that could be averted.