To stimulate local economic activity, a municipal government introduces a digital currency called 'Civic-Shillings' for use in local retail transactions.
Which of the following policies or developments would most directly undermine the ability of Civic-Shillings to function as a store of value?
The municipal council introduces a monthly 'demurrage' policy where unspent balances automatically depreciate by 5%5\%5% every 30 days.
The digital platform undergoes a system upgrade allowing transaction values to be split down to fractions of a cent.
The currency is integrated into the regional transit smart-card network to allow direct tap-and-go payments.
A strictly enforced cap is established on the maximum number of digital tokens that can be issued into circulation.
