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This scenario would eradicate monopoly nature of currency as it stands instantly. However, it probably would not address kind of fiat money like this. It do not deal the new issue of value, and ways in which it is.
A Double No Touch Option stands for you if there are track record of identifying and profiting from breakouts but always lose money in a ranging recent market. On the other hand, you can use a Double One Touch Option if you probably know how to pick the tops and bottoms in a ranging market but always lose in an outbreak market.