this post was submitted on 28 Jan 2024
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InsanePeopleFacebook

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[–] CodeName 10 points 2 years ago (1 children)

I love how these dumbasses always think they found some magical loophole to cheat the system. Would you want your wages to be paid by a "promise note"? No? That's why it's not a real, legal thing.

[–] agressivelyPassive@feddit.de 4 points 2 years ago (1 children)

Thing is, the entire monetary system is kind of a promise note, just a rather reliable and legally enforceable one.

Even something like a payment plan is essentially a promise note, credit cards too.

[–] CodeName 3 points 2 years ago

Yeah, but like you said all those things are backed and based on the US dollar. Company scrips have been illegal for decades. This guys idea of a promise note seems more like an IOU scribbled on a napkin.