The more you use extreme measures to force people to do what they don't want, the more they'd refuse to do so.
When people are scared and paralyzed by fear, messing with the unit of account won't calm their worries, if anything given how out of the ordinary it is, it could be argued that it makes things worse.
Money is external, people pick the scheme apart rather quickly and you end up worse than before because now you look desperate to force them to do what you want
Whether this is good or bad on the long run is debate-able, but it would shake things up globally.
Even if they can't see the "crypto-dollar" for less "real dollars", they will just go through some medium of exchange. I.e. buy toilet paper for crypto dollars, and sell it at a discount.
Great point. I didn't consider it offhand.
I tried to get one for my banknote collection, but it got lost in the post. :/
The bailwick of Jersey sent citizens a prepaid card with £100 expiring in 6 monhts which was also disabled for ATM withdrawls during 2020. Again moderate results.
Money is a unit of account, if you mess with it people adjust quickly, there is no free lunch.
It's not the same as giving Wellbutrin+Ritalin to somebody who is depressed.