I said it was a contrived example! But people have really specific payment logic that doesn't seem to make much sense from the outside.
What you're describing can only be achieved by encoding specific logic into the coin's original contract, so you'd know what you're getting yourself into ahead of time. And this is tantamount to agreeing to be paid in a specific gift card with a really small payment network. No need to get crypto or stablecoins involved.
> so you'd know what you're getting yourself into ahead of time
That does not mean that you have the power to do anything about it.
You could do something about it in the same sense that you can opt to be paid in dollars instead of itunes gift cards of chuck e cheese tokens. If someone has the power to decide how they're paying you then they can screw you just as easily without crypto.
“Opt to be paid in..”
Seems like you haven’t had much time with the history of company towns and company stores.
I haven't, but it sounds like they can restrict their employees' spending just fine without crypto. Also, if they can exchange their Company Stablecoins for USD (as the legislation requires) then it makes it pretty hard to restrict their spending.
"you'd know what you're getting yourself into ahead of time"
Yeah. We would know. We DO know it now. It is being tested now, exactly like described by GenshoTikamura. I've wrote you a longer comment about that below.
Do you see people protesting? I don't. Lol, even here at HN, at the bastion of independent thinking or close enough, people aren't protesting. Most it seems aren't even aware about the scope of the features of such token system, and the implications to the daily life.