In terms of the power if gives its frightening.
But as with all powerful things imagine the good that could be done with it.
Being able to program the nature of money.
Could make it so that after a certain amount of time it stops being valid… which would make people stop seeing money as something to save for a rainy day with and start seeing actual resources and the things to save.
Would also encourage spending of the money which is what money is actually for macro economically.
One persons spending is another person’s earning.
So saving is actual bad for the economy and society as a whole.
Which is one of the reasons money supply has to increase.
To escape the deflationary trap…
(Basically imagine money is a finite quantity.
Now imagine there is a group of people.
Some produce goods and sell them.
Some buy them and work for the producers
Now then the producer buys materials to produce goods, pays wages and then with the profit he spends some on what he wants and he saves some.
The other group spend some money and save some money.
Thats a cycle.
Now you see that at the end of every cycle there will be less money.
And because there is less money people will panic and be unsure.
And this makes people save more.
So less and less money every cycle.
The only way around it is to increase the money supply…. but this has its own inflationary cycle.
The problem at the moment is that it is humans, corruptible humans who are playing the balancing game of increasing and decreasing monetary supply.
If money were programmable you could simply program it to have a sell by date thus encouraging spending and you could just have a supply of money that was equivalent to x population.
You might ask “why wouldn’t the people just use something else that allowed them to save?
Money is based on force. The reason it has any value at all is because the biggest bully with the only gun in the playground is demanding taxes and fines off you… but I’ve rambled enough lol