The death of cash - page 2. | Bitcointalksearch.org

BADecker

legendary

Activity: 3906

Merit: 1373

Could we actually make physical bitcoins that could safely hold value? And if we did, could we not place them on paper so that they would be cash?

Consider. Grocery and department stores use private cash all the time in the form of coupons. If they can do this, why can't we have private cash bitcoins.

Government stopped the public physical bitcoins. But if we keep them private, by making an agreement that they will remain private with whoever we transact with, then it's outside of government purview, just like what goes on in your own home is outside of government purview.

The thing is the safety. If we traded with private physical bitcoins, we would have to check to make sure that there was value behind them. And, we would have to make sure that they couldn't be double spent. If we can do this, we can trade physical bitcoins. It would be BPC - Bitcoin Physical Cash.

Cool

Beerwizzard

full member

Activity: 924

Merit: 148

If some government issue its own cryptocurrency on blockchain then it might be considered as electronic cash but I don't feel like someone will do that. For now BTC also can be counted as a mix of electronic cash and gold but it is still pretty far from being cash.
Governments will have more control over cash flow on its territory and lower costs for emission of new paper money. I don't see anything that should stimulate them to make a new kind of cash.

KingScorpio

sr. member

Activity: 1470

Merit: 325

Quote from: BADecker on March 10, 2019, 03:07:29 PM

Quote from: KingScorpio on March 10, 2019, 03:01:03 PM

Quote from: Jet Cash on March 10, 2019, 07:24:28 AM

I keep seeing forecasts that cash payments are dying, and they will not be used in the future. The OED defines cash as "Money in coins or notes, as distinct from cheques, money orders, or credit." It may be probable that soon the use of coins and notes will not be commonplace for everyday transactions for the general population, but governments are busy creating gold coins for the wealthy to use as untraceable payment methods. In the UK, the government has even given tax advantages to users of its gold coins, including Sovereigns and Brittanias. A Brittania is currently worth over £1,000, so it is unlikely to be used in the purchase of a coffee, but they are being used for payments between countries, and for other larger settlements. No doubt some of those will be for illegal goods and services. They can also be used to reduce inheritance tax, as the value of a Britannia is fixed at £100 for the purposes of estate duty.

The interesting question relates to crypto-currencies. One wonders when some coins, such as Bitcoin for example, will be included in the definition of "cash".

well bitcoin destroyes the egalitarian banking cartels and their national currencies.

the problem is than you get a world without a lead currency, and money will look like toymoney then, especially bitcoin,

whats the value of a bitcoin when there is no us dollar?

The value of Bitcoin without fiat is the value of living. The entire fiat system is a Ponzi that is giving the bankers the value. Why not get rid of the whole fiat system, thereby keeping the value among the people?

Cool

the banker is someone that manages and appoints infrastructure work, according to certain priority, there is meaning in it, if the banks dont gamble like they do in the west.

regards

andulolika

legendary

Activity: 2338

Merit: 1047

A really disappointing feeling is to see people's skepticalness towards bitcoin, I sometimes think that complete adoption will be done by younger generations rather than 18+ people of now.
The "real money" argument that bitcoin has no real value and that's a bubble , it's price is just logical thanks to the limited supply. The very definition of fiat money (cash) is that it's a valueless currency issued by government.

BADecker

legendary

Activity: 3906

Merit: 1373

Quote from: dippididodaday on March 10, 2019, 04:33:42 PM

Quote from: BADecker on March 10, 2019, 03:07:29 PM

The value of Bitcoin without fiat is the value of living. The entire fiat system is a Ponzi that is giving the bankers the value. Why not get rid of the whole fiat system, thereby keeping the value among the people?

Long live We the People.

Anti-aging methods?

- NMN + Resveratrol
- PQQ + Co-Q-10
- Telomeres/telomerase
- Senescent cell removal

With good diet, and moderate exercise, these are the best we have so far, to get the people to live long... outside of a direct answer by God to each person individually when he/she prays.

Cool

dippididodaday

sr. member

Activity: 441

Merit: 278

It's personal

Quote from: BADecker on March 10, 2019, 03:07:29 PM

The value of Bitcoin without fiat is the value of living. The entire fiat system is a Ponzi that is giving the bankers the value. Why not get rid of the whole fiat system, thereby keeping the value among the people?

Long live We the People.

BADecker

legendary

Activity: 3906

Merit: 1373

Quote from: KingScorpio on March 10, 2019, 03:01:03 PM

Quote from: Jet Cash on March 10, 2019, 07:24:28 AM

I keep seeing forecasts that cash payments are dying, and they will not be used in the future. The OED defines cash as "Money in coins or notes, as distinct from cheques, money orders, or credit." It may be probable that soon the use of coins and notes will not be commonplace for everyday transactions for the general population, but governments are busy creating gold coins for the wealthy to use as untraceable payment methods. In the UK, the government has even given tax advantages to users of its gold coins, including Sovereigns and Brittanias. A Brittania is currently worth over £1,000, so it is unlikely to be used in the purchase of a coffee, but they are being used for payments between countries, and for other larger settlements. No doubt some of those will be for illegal goods and services. They can also be used to reduce inheritance tax, as the value of a Britannia is fixed at £100 for the purposes of estate duty.

The interesting question relates to crypto-currencies. One wonders when some coins, such as Bitcoin for example, will be included in the definition of "cash".

well bitcoin destroyes the egalitarian banking cartels and their national currencies.

the problem is than you get a world without a lead currency, and money will look like toymoney then, especially bitcoin,

whats the value of a bitcoin when there is no us dollar?

The value of Bitcoin without fiat is the value of living. The entire fiat system is a Ponzi that is giving the bankers the value. Why not get rid of the whole fiat system, thereby keeping the value among the people?

Cool

KingScorpio

sr. member

Activity: 1470

Merit: 325

Quote from: Jet Cash on March 10, 2019, 07:24:28 AM

I keep seeing forecasts that cash payments are dying, and they will not be used in the future. The OED defines cash as "Money in coins or notes, as distinct from cheques, money orders, or credit." It may be probable that soon the use of coins and notes will not be commonplace for everyday transactions for the general population, but governments are busy creating gold coins for the wealthy to use as untraceable payment methods. In the UK, the government has even given tax advantages to users of its gold coins, including Sovereigns and Brittanias. A Brittania is currently worth over £1,000, so it is unlikely to be used in the purchase of a coffee, but they are being used for payments between countries, and for other larger settlements. No doubt some of those will be for illegal goods and services. They can also be used to reduce inheritance tax, as the value of a Britannia is fixed at £100 for the purposes of estate duty.

The interesting question relates to crypto-currencies. One wonders when some coins, such as Bitcoin for example, will be included in the definition of "cash".

well bitcoin destroyes the egalitarian banking cartels and their national currencies.

the problem is than you get a world without a lead currency, and money will look like toymoney then, especially bitcoin,

whats the value of a bitcoin when there is no us dollar?

BADecker

legendary

Activity: 3906

Merit: 1373

Store coupons are private cash. Cool

TECSHARE

legendary

Activity: 3318

Merit: 2008

First Exclusion Ever

Quote from: JetAid on March 10, 2019, 11:06:51 AM

I've been saying it since 1970 when Margaret Thatcher ( the Bilderberg Bird ), started to sell off out national assets, and allowed the introduction of fractional reserve banking amongst other things.

That's cool you have psychic abilities and predicted crypto in 1970. Cool story bro.

JetAid

member

Activity: 122

Merit: 20

Jet Cash's better half

I've been saying it since 1970 when Margaret Thatcher ( the Bilderberg Bird ), started to sell off out national assets, and allowed the introduction of fractional reserve banking amongst other things.

TECSHARE

legendary

Activity: 3318

Merit: 2008

First Exclusion Ever

Quote from: Jet Cash on March 10, 2019, 08:52:01 AM

Careful you are starting to sound like me. The interesting coin will be the proposed Bahamas coin. That is likely to be the one created by the City of London.

I have been saying this for a really long time, years in fact. It amazes me how fast people take a tool of ultimate freedom for humanity and immediately try to turn it right back into the broken system they just got the tools to escape from.

Jet Cash

legendary

Activity: 2814

Merit: 2472

https://JetCash.com

Careful you are starting to sound like me. The interesting coin will be the proposed Bahamas coin. That is likely to be the one created by the City of London.

TECSHARE

legendary

Activity: 3318

Merit: 2008

First Exclusion Ever

Crypto is the conditioning mechanism for training the next generation to accept a cashless society. This is what people don't get about crypto, it is simultaneously the single most powerful tool to free humanity from the predatory parasite banking system, and that banking system's plans for complete enslavement. There will be a bifurcation of coins. There will be the Good state approved coins which meet all the KYC and AML requirements, and all the other terrorist Iranian, Russian hacker, North Korean money laundering, drug dealing Venezuelan, global warming, pedophile coins.

Jet Cash

legendary

Activity: 2814

Merit: 2472

https://JetCash.com

I keep seeing forecasts that cash payments are dying, and they will not be used in the future. The OED defines cash as "Money in coins or notes, as distinct from cheques, money orders, or credit." It may be probable that soon the use of coins and notes will not be commonplace for everyday transactions for the general population, but governments are busy creating gold coins for the wealthy to use as untraceable payment methods. In the UK, the government has even given tax advantages to users of its gold coins, including Sovereigns and Brittanias. A Brittania is currently worth over £1,000, so it is unlikely to be used in the purchase of a coffee, but they are being used for payments between countries, and for other larger settlements. No doubt some of those will be for illegal goods and services. They can also be used to reduce inheritance tax, as the value of a Britannia is fixed at £100 for the purposes of estate duty.

The interesting question relates to crypto-currencies. One wonders when some coins, such as Bitcoin for example, will be included in the definition of "cash".

Topic: The death of cash - page 2. (Read 357 times)