Sweden Begins Planning Transition From Cash To Digital Currency - page 2.

DimensionZ

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Shit, did I leave the stove on?

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

QuestionAuthority

legendary

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You lead and I'll watch you walk away.

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.

European Central Bank

legendary

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Quote from: Xester on November 18, 2016, 01:18:41 AM

If sweden plans to transform thier currency in Digital Currency, what could it be? There's so many cryptocurrency that they can choose to use.

i've heard it's gonna be bbq coin because that's the tastiest crypto out there. the swedish government has deposited 3.5 trillion dollars on yobit and their buying bot starts in 6 hours. buying ends at 2100 on sunday. you better stack up beforehand.

DimensionZ

sr. member

Activity: 350

Merit: 251

Shit, did I leave the stove on?

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

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

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

LoyceV

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Thick-Skinned Gang Leader and Golden Feather 2021

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.

Over the years, I see an increase in "how to buy physical gold" topics online. Paper money was only created because it's more convenient than gold, and it quickly turned into something they could easily print, creating more money out of thin air. Lately they don't even print it anymore, just add a number on a computer and it's there.
If government keeps pushing this, we could actually go back to some metal pieces or anything else (BTC) of value that government can't control.
In short: gold > coins > paper > digital > back to gold?

Quote from: eternalgloom on November 17, 2016, 10:14:04 PM

What worries me the most is that I actually hear quite a few people (in my own circles), saying that they wouldn't mind if cash disapeared.
I've had a long conversation with my girlfriend about this, who also thought initially that it would be better if everything was just digital but managed to convince her eventually that it might not be as good as it sounds.

It's already a huge problem if once in a while electronic payments in a supermarket don't work. I pay cash as much as possible, and use my cards as backup. People should watch less TV-commercials, for years banks are trying to push their way.

Quote from: QuestionAuthority on November 18, 2016, 02:10:38 AM

If they ban cash how will they pay for their illegal drugs and prostitutes?

Or terrorism. This sums up all the reasons government has to ban cash, and at the same time know exactly who spends what, where and when.

calkob

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Quote from: markj113 on November 17, 2016, 05:59:46 PM

Sweden Begins Planning Transition From Cash To Digital Currency

Quote

As Reuters writes, the RIksbank could become the first major central bank in the world to create its own virtual money as the use of cash declines, Deputy Governor Cecilia Skingsley said on Wednesday.

Quote

The major difference between digital and paper currency is that every single transaction is logged, and the value of money can be remotely "adjusted", making it impossible to use cash as a value-preserving alternative to negative interest rates.

http://www.zerohedge.com/news/2016-11-17/sweden-begins-planning-transition-cash-digital-currency

As I predicted, as countries move from cash to crypto :

1) It will not be bitcoin
2) It will be state controlled
3) No interest paid
4) Every transaction you make will be fully trackable

5) When implemented a bitcoin ban in that country will soon follow **we will have to wait and see on this prediction Wink

**

A government and bankers wet dream - full control over all your wealth, good luck in future banker bailouts.

Remember all those bank runs in Greece and Cyprus when people got wind of the hair cut that was coming, what are you going to do when cash no longer exists to withdraw and they impose a minimal spending limit on your account.

Who on earth would use a currency that is fully traceable by the government ? i hate the thought of it. Bitcoin will thrive in this scenario.

markj113

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Quote from: ROT13 on November 18, 2016, 03:32:32 AM

It's a no-brainer that when this happens in Sweden and other countries, people become accustomed to going fully digital and later see just what governments and banks are then able to do that bitcoin or a substitute peer to peer crypto currency will then make sense to the average person and will become much more widespread.

And you think the governments and banks will allow this?

The whole point of a move to digital currency is to enable central banks to have tighter control and more tools to influence the economy.

Liad.Services

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Activity: 238

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This is a move that can be really good to bitcoin as more people will see bitcoin as an example for a virutal currency that successed and will become more aware to bitcoin.
The more governments start be aware to digital currencies and blockchain,then the better chance that bitcoin will keep growing.

ROT13

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It's a no-brainer that when this happens in Sweden and other countries, people become accustomed to going fully digital and later see just what governments and banks are then able to do that bitcoin or a substitute peer to peer crypto currency will then make sense to the average person and will become much more widespread.

prabowo96

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it's showtime

Quote from: markj113 on November 17, 2016, 06:37:15 PM

Quote from: mrnswtcy on November 17, 2016, 06:32:35 PM

It will help adoption of bitcoin as a matter of fact.

As I stated previously this is exactly what will kill bitcoin. Governments and central banks will not tolerate direct competition from bitcoin to their shiny new, fully controlled, bank issued crypto.

That's exactly what will happen, since they will can track their digital currency, they will ban every other that's anonymous.

Rich and small countries will be the fisrt to take this position about digital currency, it's much more hard to cheat the system in this way, some people can see something good here and some people can see something evil...

mindrust

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A great way to rip people off. Truly a nightmare. Instead of fighting against the crime lords, they are punishing innocent people. Unacceptable.

That's one of the things i was afraid of when i created this topic: https://bitcointalksearch.org/topic/the-danger-of-the-cyptocurrencies-1632435

It seems Gold is about to make its all time high soon. Gotta collect moar while its cheap.

PantminerS7

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All scandi countries have been talking about this for at least 5 years. That the Swedes are making some kinda spreadhsheet really isn't news.

DimensionZ

sr. member

Activity: 350

Merit: 251

Shit, did I leave the stove on?

Damn digitalized fiat is like the ultimate spying tool for the government. We are headed towards a dystopian future where the world is controlled by big evil corporations. And the worst thing is that the government could shutdown your finances with the snap of a finger because all they have to do is contact the bank you have an account at and freeze your money permanently or temporarily and because you have no paper cash any more you are basically screwed. I see a big sinister plot of world domination unfolding in the far future Grin

hv_

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Clean Code and Scale

Quote from: QuestionAuthority on November 18, 2016, 02:10:38 AM

If they ban cash how will they pay for their illegal drugs and prostitutes?

You need to establish a secondary market / economy and go f_ck for drug ...

Grin

BTW India might be next.... that's some magnitudes higher than Sweden. China ?

sportis

sr. member

Activity: 406

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Veni, Vidi, Vici

But there is a significant difference between the logic that created bitcoin and those who are considering to do the swedish government. Sweden is considering to create a virtual currency, they call it 'ekrona', that is under the control of the Central Bank of Sweden and not the decentralized nature between bitcoins exchange. Also they think of different technologies not only the blockchain technology http://uk.businessinsider.com/swedish-central-bank-considers-digital-national-currency-ekrona-2016-11.

QuestionAuthority

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You lead and I'll watch you walk away.

If they ban cash how will they pay for their illegal drugs and prostitutes?

davis196

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Quote from: markj113 on November 17, 2016, 05:59:46 PM

Sweden Begins Planning Transition From Cash To Digital Currency

Quote

As Reuters writes, the RIksbank could become the first major central bank in the world to create its own virtual money as the use of cash declines, Deputy Governor Cecilia Skingsley said on Wednesday.

Quote

The major difference between digital and paper currency is that every single transaction is logged, and the value of money can be remotely "adjusted", making it impossible to use cash as a value-preserving alternative to negative interest rates.

http://www.zerohedge.com/news/2016-11-17/sweden-begins-planning-transition-cash-digital-currency

As I predicted, as countries move from cash to crypto :

1) It will not be bitcoin
2) It will be state controlled
3) No interest paid
4) Every transaction you make will be fully trackable

5) When implemented a bitcoin ban in that country will soon follow **we will have to wait and see on this prediction Wink

**

A government and bankers wet dream - full control over all your wealth, good luck in future banker bailouts.

Remember all those bank runs in Greece and Cyprus when people got wind of the hair cut that was coming, what are you going to do when cash no longer exists to withdraw and they impose a minimal spending limit on your account.

This is the dark future,i guess.

Let`s see if this will become true and will this experiment work.

This might work in Sweden,but won`t work in other countries,i quess.

btccashacc

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Activity: 1120

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Quote from: markj113 on November 17, 2016, 05:59:46 PM

As I predicted, as countries move from cash to crypto :

1) It will not be bitcoin
2) It will be state controlled
3) No interest paid
4) Every transaction you make will be fully trackable

5) When implemented a bitcoin ban in that country will soon follow **we will have to wait and see on this prediction Wink

**

A government and bankers wet dream - full control over all your wealth, good luck in future banker bailouts.

Remember all those bank runs in Greece and Cyprus when people got wind of the hair cut that was coming, what are you going to do when cash no longer exists to withdraw and they impose a minimal spending limit on your account.

So this is basically like they create their own crypto but a centralized cryptocurrency, sounds good however it can make the transaction is faster, being eco-friendly and also cutting much cost , I am worried about bitcoin existance in that country if they really create it as you predict bitcoin might be banned out there.
Nowdays government especially banks are interested on blockchain technology, then i truly believe 100 Years later we will not see existence of the cash anymore.

Xester

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Quote from: Kakmakr on November 18, 2016, 12:45:07 AM

Quote from: markj113 on November 17, 2016, 06:37:15 PM

Quote from: mrnswtcy on November 17, 2016, 06:32:35 PM

Not anywhere near as appealing as a Decentralized currency.

The general public probably wont care if a currency is centralized or decentralized. I have no faith in the sheeple, as long as they get paid and can buy the latest iphone with it they couldnt give a shit. They will also swallow all the "Ban Bitcoin, it is only for drug dealers and child porn" propaganda.

Quote from: mrnswtcy on November 17, 2016, 06:32:35 PM

It will help adoption of bitcoin as a matter of fact.

As I stated previously this is exactly what will kill bitcoin. Governments and central banks will not tolerate direct competition from bitcoin to their shiny new, fully controlled, bank issued crypto.

The public do not care now, but once they lose the freedom that cash offer them now, they might appreciate Bitcoin's pseudo-anonymity more. The other thing is, Bitcoin is out there and it is a decentralized currency that cannot be stopped now. If it has to, it can go underground. < Black markets >

They will also not ban it globally, so you can cross borders and use it in the countries where it is not banned.

If sweden plans to transform thier currency in Digital Currency, what could it be? There's so many cryptocurrency that they can choose to use. Or will they create a new one that will carry the name of their country? If sweden started using Digital Currency, how would the other country embrace their new way or method of payment. Then what country will follow this steps?

Topic: Sweden Begins Planning Transition From Cash To Digital Currency - page 2. (Read 2750 times)