Sweden Begins Planning Transition From Cash To Digital Currency

The Sceptical Chymist

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Quote from: markj113 on November 17, 2016, 06:12:39 PM

Quote from: YIz on November 17, 2016, 06:09:32 PM

They only want to appear modern. "digitalized" fiat is still fiat and not cryptocurrency.

The death of cash is now being pushed in most countries.

Check how many have now scrapped the larger value notes, next will be mid value notes leaving you with only pocket change.

It's funny, pocket change is the only fiat that has any intrinsic value. Not just the silver stuff, but any metal. I'll take pocket change any day. And bitcoin of course.

It's a new and interesting world we're living in. I'm definitely not all for going digital, but there's really no way to stop it. We'll see how it works out for the Swedes.

Tyrantt

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Quote from: Cereberus on November 28, 2016, 02:40:05 PM

Quote from: kryptqnick on November 25, 2016, 01:42:20 PM

It is sort of nice and interesting but the problem is that 'begins planning' is far from reality. And yet if we imagine they did it: how will that effect bitcoin? Well, I think it will get an opponent, at least, and we will be able to see whether btc ideology or nice progressive government wins in this battle.

Let me give you the answer in advance to that. Bitcoin will be the winner as it is not controlled by any government or by any central bank. Even if Sweden makes a successful transition to this Digital Currency of theirs it will be no match for bitcoin. In fact I think it will be another altcoin for people to play with.

"it is not controlled by any government or by any central bank" and that may be the main thing why bitcoin probably won't be accepted that easily in the mainstream payment options. If it was to be accepted there might be some restrictions to that or some catch for them to earn out of it, otherwise like this, it is likely to stay like this, as a secondary option and it may never replace fiat currency fully just because of that. Banks are korazy, yo.

shiryu

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Quote from: shield132 on November 28, 2016, 03:03:51 PM

Man you say that countries are moving from cash to crypto and you show us Sweden's example but if it won't be bitcoin or any other altcoin ( can't understand ) and that will be trackable also, than isn't this against cryptocurrency rules? They are made for anonymous transactions. Also I can't see any idea on that because if they are going to do all like you said, than we are already using simple payment methods and it has no estimation to be added.

Digital currency doesn't mean sweeden will adopt bitcoin may they has create their own currency under control local bank. as an example paypal,neteller,skrill,paycash,etc it's digital currency so if they have their own digital currency it will not against cryptocurrency rules.

shield132

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Man you say that countries are moving from cash to crypto and you show us Sweden's example but if it won't be bitcoin or any other altcoin ( can't understand ) and that will be trackable also, than isn't this against cryptocurrency rules? They are made for anonymous transactions. Also I can't see any idea on that because if they are going to do all like you said, than we are already using simple payment methods and it has no estimation to be added.

Cereberus

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Quote from: kryptqnick on November 25, 2016, 01:42:20 PM

It is sort of nice and interesting but the problem is that 'begins planning' is far from reality. And yet if we imagine they did it: how will that effect bitcoin? Well, I think it will get an opponent, at least, and we will be able to see whether btc ideology or nice progressive government wins in this battle.

Let me give you the answer in advance to that. Bitcoin will be the winner as it is not controlled by any government or by any central bank. Even if Sweden makes a successful transition to this Digital Currency of theirs it will be no match for bitcoin. In fact I think it will be another altcoin for people to play with.

Tyrantt

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Quote from: fiscorcle on November 28, 2016, 10:58:44 AM

I think if an entire country decides to switch it's whole economy to a digital currency it would be of their own government created coin and not bitcoin.
I doubt any government total trusts their whole nation's welfare on a unstable currency such that bitcoin is known to be.

That's what I think of the future implementation of crypto-currencies. Big banks or governments will probably create a new type of coin, based on the source of bitcoin so they can control it in some way, and people will probably switch to that currency because bitcoin will probably we outlawed then.

I'm trying to convince my dad to buy unleast one bitcoin and to store it somewhere untill the price jumps, but he's kind of sceptical. But tbh, I'm telling that to ecvery person I know, and people all around the world should do that no matter if their country does something like sweden, like imposing a new way of currency.

skierchewing

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Sweden was always very prompt to do all kind of bad things. I'm so glad to have all my fortune in bitcoins, as I know that with gold that would be more complicated. If you have to run away from your house and never come back, you better take a discrete USB key than a gold bars.

crwth

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The blockchain is really a wonderful technology and still in it's infancy. I can't fathom the idea when it is fully developed, it will really be an innovation for mankind. I think on what they failed to see is that Bitcoin has been already established, and is well known throughout this world. We know there are alts that are growing but Bitcoin started it all, it's like the mother of all cryptocurrencies. They have their own thoughts on still being in control of the currency and the trace-ability of every transactions made to prevent illegal activity. We will see on how they can achieve their digital currency in the future.

fiscorcle

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I think if an entire country decides to switch it's whole economy to a digital currency it would be of their own government created coin and not bitcoin.
I doubt any government total trusts their whole nation's welfare on a unstable currency such that bitcoin is known to be.

QuestionAuthority

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Quote from: aso118 on November 25, 2016, 08:58:41 PM

Quote from: countryfree on November 25, 2016, 07:20:31 PM

Quote from: dreamer81 on November 18, 2016, 08:15:11 AM

Quote from: countryfree on November 17, 2016, 06:13:58 PM

Sweden, Norway and Denmark. All fascist countries. All rich countries. You go to Oslo's airport one Friday afternoon, and it's crowded with people going on week-ends to Southern Europe, but they will all be back by Monday morning, because the people there are unable to live without the safety net from their government (medical insurance and all that), nor the gigantic organization which rules everything in their lives.

If you can avoid to ever travel there, I advise you do. Without or without cryptocurrencies, these countries will ban cash. Cards are already everywhere. If you want to pay cash in Norway, the people look at you like you're some kind of an alien.

Do you think the people in scandinavia love it when they pay between 50 and 60% of their income in taxes so they can have this safety net? I doubt it.

Oh yes, they love it. They think it's necessary. I don't know much Sweden actually, but in Norway and Denmark, the feeling of individuality is much less than in America or the rest of Europe. People think they belong to society.

I agree. All the happiness surveys indicate that people in Scandinavian countries are amongst the happiest in the world. Factors like high GDP/capita, social support, life expectancy and freedom to make choices contribute to this. Apparently, the big bite that the tax man makes doesn't make them feel sad.

One of my sociology professors, back in the Stone Age when I was in college, called that dynamic "societal homogeneity". What that means is they are like one big family. They are homogeneous in looks and ancestry. Would you suffer to give money to a less privileged family member? Of course, we as people help family first. One of my Hispanic friends called it, "Amor de mi raza" (the love of my race). He helps his "rasa" above all others.

What if your whole country was your "rasa"? How would you act?

aso118

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Quote from: countryfree on November 25, 2016, 07:20:31 PM

Quote from: dreamer81 on November 18, 2016, 08:15:11 AM

Quote from: countryfree on November 17, 2016, 06:13:58 PM

Sweden, Norway and Denmark. All fascist countries. All rich countries. You go to Oslo's airport one Friday afternoon, and it's crowded with people going on week-ends to Southern Europe, but they will all be back by Monday morning, because the people there are unable to live without the safety net from their government (medical insurance and all that), nor the gigantic organization which rules everything in their lives.

If you can avoid to ever travel there, I advise you do. Without or without cryptocurrencies, these countries will ban cash. Cards are already everywhere. If you want to pay cash in Norway, the people look at you like you're some kind of an alien.

Do you think the people in scandinavia love it when they pay between 50 and 60% of their income in taxes so they can have this safety net? I doubt it.

Oh yes, they love it. They think it's necessary. I don't know much Sweden actually, but in Norway and Denmark, the feeling of individuality is much less than in America or the rest of Europe. People think they belong to society.

I agree. All the happiness surveys indicate that people in Scandinavian countries are amongst the happiest in the world. Factors like high GDP/capita, social support, life expectancy and freedom to make choices contribute to this. Apparently, the big bite that the tax man makes doesn't make them feel sad.

countryfree

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Quote from: dreamer81 on November 18, 2016, 08:15:11 AM

Quote from: countryfree on November 17, 2016, 06:13:58 PM

Sweden, Norway and Denmark. All fascist countries. All rich countries. You go to Oslo's airport one Friday afternoon, and it's crowded with people going on week-ends to Southern Europe, but they will all be back by Monday morning, because the people there are unable to live without the safety net from their government (medical insurance and all that), nor the gigantic organization which rules everything in their lives.

If you can avoid to ever travel there, I advise you do. Without or without cryptocurrencies, these countries will ban cash. Cards are already everywhere. If you want to pay cash in Norway, the people look at you like you're some kind of an alien.

Do you think the people in scandinavia love it when they pay between 50 and 60% of their income in taxes so they can have this safety net? I doubt it.

Oh yes, they love it. They think it's necessary. I don't know much Sweden actually, but in Norway and Denmark, the feeling of individuality is much less than in America or the rest of Europe. People think they belong to society.

severaldetails

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Quote from: densuj on November 25, 2016, 01:52:46 PM

Quote from: kryptqnick on November 25, 2016, 01:42:20 PM

It is sort of nice and interesting but the problem is that 'begins planning' is far from reality. And yet if we imagine they did it: how will that effect bitcoin? Well, I think it will get an opponent, at least, and we will be able to see whether btc ideology or nice progressive government wins in this battle.

Yes and it is just new style to following because the government use fiat money and not digital currency, it is mean they still be control everything. I am doubt it will become successful in markets, they just wanna be seen different with use name of digital currency.

I can imagine as well that many people who have no clue about bitcoin will not see a reason to switch to bitcoin when they are already using a digital currency.
For them digital money is all the same, so it could really be possible that digital fiat money will have a negative effect on the growth of bitcoin.

densuj

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Quote from: kryptqnick on November 25, 2016, 01:42:20 PM

It is sort of nice and interesting but the problem is that 'begins planning' is far from reality. And yet if we imagine they did it: how will that effect bitcoin? Well, I think it will get an opponent, at least, and we will be able to see whether btc ideology or nice progressive government wins in this battle.

Yes and it is just new style to following because the government use fiat money and not digital currency, it is mean they still be control everything. I am doubt it will become successful in markets, they just wanna be seen different with use name of digital currency.

kryptqnick

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It is sort of nice and interesting but the problem is that 'begins planning' is far from reality. And yet if we imagine they did it: how will that effect bitcoin? Well, I think it will get an opponent, at least, and we will be able to see whether btc ideology or nice progressive government wins in this battle.

Milkduds

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This stuff really irks me,as the majority of the people will see this as a great thing till the real plan is ushered in.
Get us all comfortable with cryptocurrency through government and then slowly charge people for stupid stuff...

- Tax on use of roads taken directly from wallet based on your gps
- Negative interest rates
- Overbearing tax grabs at tax time (Meaning they take more than you owe and are slow to pay back for the mistake giving you no interest)

Its a sad state for the future if we let these government powers hijack something that could free us completely from their grasps.
Looks like its going to one or the other now,instead of having the option to spread your eggs out in different facets of investment.

Seems very NWO like and the issues we see are nowhere close to what they have planned.

rajasumi2

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Well i think its great .that slowly and slowly people are shifting to cryptocurrency .but bitcoins i doubt .well its a long way to go .u gotta understand that bitcoins are not fluuctuate and tends to change a lot .thats y its still a long way to go ..kudoos

asuryan180

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Well,basically the process is controlled again,so there is no real difference except for the means of payment but the things that make BTC and cryptocurrencies unique and so special aren't predicted to be used-so it is pointless and actually doesn't change anything-people need real change,not a proclamation of something that sounds similar but in fact is so far from the original idea

dreamer81

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Quote from: countryfree on November 17, 2016, 06:13:58 PM

Sweden, Norway and Denmark. All fascist countries. All rich countries. You go to Oslo's airport one Friday afternoon, and it's crowded with people going on week-ends to Southern Europe, but they will all be back by Monday morning, because the people there are unable to live without the safety net from their government (medical insurance and all that), nor the gigantic organization which rules everything in their lives.

If you can avoid to ever travel there, I advise you do. Without or without cryptocurrencies, these countries will ban cash. Cards are already everywhere. If you want to pay cash in Norway, the people look at you like you're some kind of an alien.

Do you think the people in scandinavia love it when they pay between 50 and 60% of their income in taxes so they can have this safety net? I doubt it.

QuestionAuthority

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You lead and I'll watch you walk away.

Quote from: DimensionZ on November 18, 2016, 08:08:31 AM

Quote from: QuestionAuthority on November 18, 2016, 07:42:47 AM

Quote from: DimensionZ on November 18, 2016, 07:32:09 AM

Quote from: QuestionAuthority on November 18, 2016, 07:23:36 AM

I'm not sure if everyone is good with the government tracking their purchases of "real feel" 12" black dildos and extra large butt plugs either. The used panty market might dry up too.

http://www.ownmypanties.com

That's where Bitcoin will fit right in, dude Grin

Anonymous purchasing of sex toys & illegal drugs online. I bet the government officials themselves are going to use Bitcoin online for their more 'kinky' deals so to speak Wink

Yep, if US president Bill Clinton had paid Monica Lewinsky in Bitcoin we probably would never have known he got a blow job in the White House.

I think you are wrong. If he had paid her anything at all, then the whole world wouldn't have known that she has given him a blow job. But because old Bill was a cheapskate and skimped on the bribe he got outed Grin

That's too bad. He should have thrown her a little something more than his bone. Wink

Topic: Sweden Begins Planning Transition From Cash To Digital Currency (Read 2750 times)