You are probably aware of the recent news about removing the fiat money for good and building up the cashless world.
Have you thought that bitcoin maybe the first step of this utopia? What if CIA behind this project? Would you still keep your money as bitcoins? Would you trust them? Do we know who the hell is Satoshi Nakamoto? I suure don't
Have you thought that bitcoin maybe the first step of this utopia? What if CIA behind this project? Would you still keep your money as bitcoins? Would you trust them? Do we know who the hell is Satoshi Nakamoto? I suure don't
And what does it change? Bitcoin is an open-source project, so it doesn't matter much who made the first commit, an alphabet agency or some recluse developer
There is one big danger ahead. If the paper money gets removed, you will have no choice but to accept to get paid in crypto currencies. And to the big point:
If you keep your money in a goddamn computer, the government can rip you off instantly if they wanted it. I am not saying they aren't doing that already as most of us are keeping *our wealth in the banks. But cryptos will make their jobs easier. Much easier.
If you keep your money in a goddamn computer, the government can rip you off instantly if they wanted it. I am not saying they aren't doing that already as most of us are keeping *our wealth in the banks. But cryptos will make their jobs easier. Much easier.
Paper money won't get removed any time soon. There are a lot of places across the globe where people are living not only without Internet but even without electricity. But even where the use of payment cards is universal, you still sometimes have to pay with paper note for whatever technical issues might arise. Ultimately, this all is irrelevant in respect to you big point. The government could just as easily rip you off of your paper money as with digital money if they ever wanted to...
Ever read about confiscatory monetary reforms?
which I know will not happen abruptly.
