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Topic: Sweden Begins Planning Transition From Cash To Digital Currency - page 4. (Read 2750 times)

legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
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.
legendary
Activity: 2254
Merit: 1043
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.

YIz
hero member
Activity: 686
Merit: 502
They only want to appear modern. "digitalized" fiat is still fiat and not cryptocurrency.
legendary
Activity: 2254
Merit: 1043
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.
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