We No Longer Pay People Directly - page 3.

GreatArkansas

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Quote from: proud55 on December 13, 2022, 01:00:40 PM

(....)
In each transaction, the corporation is taking their percentage but also controls and monitors your transaction.

In every new problem that is solved, there are sometimes things that we need to sacrifice and accept.
Let's say this, for example, being cashless transactions, for some people are treating it comfortably because as long as you have internet, you can send any payment to other people, with no need to bring all the time physical cash/fiat.
Same as Bitcoin, you can have your bank from just your mobile phone and pay someone in just 1 tap with no other 3rd parties needed.

Zlantann

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Quote from: franky1 on December 13, 2022, 07:15:17 PM

politicians do not have masters in economics. nor experience of banking. politicians mostly just care about their 4 year contract of being elected to represent citizens interests. which inevitably end up being the interests more so of the citizens banks and employers
so politicians are ending up as puppets of the corporate world.

corporations lobby and bribe politicians.
regulators are not former politicians or active politicians. they are actually regulators managed by ex bank managers.

again its mostly the corporate end pushing the policies of what politicians then sign into law

Politicians make so much noise, but rich corporations determines the type, extent and the direction of the sound.

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franky1

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Quote from: sheenshane on December 13, 2022, 06:10:12 PM

Those banks are one of the government's tools they used to have the stability of the currency or fiat.
Central Bank is owned by the government and that's all, they want to regulate people's money cashflow through the agencies or corporations involved which we also paid them not directly to the government.

politicians do not have masters in economics. nor experience of banking. politicians mostly just care about their 4 year contract of being elected to represent citizens interests. which inevitably end up being the interests more so of the citizens banks and employers
so politicians are ending up as puppets of the corporate world.

corporations lobby and bribe politicians.
regulators are not former politicians or active politicians. they are actually regulators managed by ex bank managers.

again its mostly the corporate end pushing the policies of what politicians then sign into law

Oceat

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Does your country offers a lot of cards for people to be used instead of cash in hand?

If that's what happening then it sucks for sure since it's not that they interfere with your own money they also monitor your every transaction. Luckily in my country it's not happening (yet?) and I hope it won't happen because more banks will be in under control of your own money and they can do whatever they can with your account.

But Bitcoin itself will be an answer to that kind of situation though I hope there are no restrictions to whatsoever if someone would use a crypto currency for their daily lives as a means of paying every transaction.

sheenshane

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Those banks are one of the government's tools they used to have the stability of the currency or fiat.
Central Bank is owned by the government and that's all, they want to regulate people's money cashflow through the agencies or corporations involved which we also paid them not directly to the government.

Though your statement isn't so clear but based on my understanding, Bitcoin is the best alternative currency to using fiat.
That's why Bitcoin was created with the sole purpose of the peer-to-peer transaction.

blockman

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That's right when governments start to implement cashless transactions, it's not solely them that manages the transactions but a company that they've hired and contracted to do the job for them.
That's why the gain goes mostly to that company and it's getting control overall the transactions and money of everyone and they're just like regulated and monitored by the government and its central bank. Through bitcoin, there's no need for any of them, we transact peer to peer and there's no central powers that controls the ins and outs of money.

Zlantann

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Quote from: proud55 on December 13, 2022, 01:00:40 PM

The less we use cash, the more we pay people through a corporation. The last remaining use of cash and direct payments is Tipping.
Everything else we must pay through a corporation. We cannot pay another human unless there is a corporation involved. As cash disappears this becomes a final fact -- a corporation involved in every financial transaction you pursue. In each transaction, the corporation is taking their percentage but also controls and monitors your transaction.

BTC

Bitcoin

Your comments are quite right because although cash is issued by a centralized organization called the central banks but it reduces to some extent the influence of middlemen. This cashless economy has introduced and increased the number of corporations that serves as a link between the banks and its customers. And the most annoying part of this whole scenario is that it is the citizens that bears the cost of these transactions fees. With these centralized corporations our entire financial lives are now directly or indirectly been controlled by the government.

I think the best form of a cashless economy is a decentralized one. A financial medium that is less expensive, fast and promotes privacy should be the bedrock of any economy. But the government wouldn't want to introduce or accept such kind of payment systems because it would give them less control over its citizens.

coolcoinz

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Well versed, OP. That's what Klaus Schwab is working hard on achieving and that is why he praises Trudeau so much, because that guy showed the world what can be done when you have full control of people's money. When you're able to stop the flow of money you're able to force people into submission. They want to gather somewhere and protest? Take their money so they have to walk there and ask others to buy them food. With no money they can't even pay their Internet bill. You take their money you stop the flow of information. They can't send a letter with no money, they can't can't print leaflets, can't buy weapons to protect themselves. Money is power.

franky1

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bitcoin proves digitisation does not mean requirement of middleman authorisation to permit payment

however with fiat (paper or digital) a paperless version of fiat means the disappearance of direct payment without middleman permission.

on the flip side. to dowse the flames of conspiracy nuts
a CBDC in the multiple forms available to review today, including china. are not where citizens are required to seek permission or individual supervision by politicians.
they are however managed by commercial payment services (corporate banks) who would do the permission and monitoring. and report suspicious activity to "government"

Taskford

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Quote from: proud55 on December 13, 2022, 01:00:40 PM

The less we use cash, the more we pay people through a corporation. The last remaining use of cash and direct payments is Tipping.
Everything else we must pay through a corporation. We cannot pay another human unless there is a corporation involved. As cash disappears this becomes a final fact -- a corporation involved in every financial transaction you pursue. In each transaction, the corporation is taking their percentage but also controls and monitors your transaction.

BTC

Bitcoin

Digitalization has been introduce and this one became more famous when pandemic came where many find a solution not to create more physical contact to other people. Many people like this idea because they don't need to bring some cash on their pocket anywhere and they can use their phone directly to pay so this is totally perfect with bitcoin since it can be use as that to.

But I don't think cash/fiat will gone since government will still backed up and maybe digital payments will became just an option.

CryptSafe

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Quote from: proud55 on December 13, 2022, 01:00:40 PM

The less we use cash, the more we pay people through a corporation. The last remaining use of cash and direct payments is Tipping.
Everything else we must pay through a corporation. We cannot pay another human unless there is a corporation involved. As cash disappears this becomes a final fact -- a corporation involved in every financial transaction you pursue. In each transaction, the corporation is taking their percentage but also controls and monitors your transaction.

BTC

Bitcoin

If I may get you clear and from your own point of view I was able to get the fact that you do tipping by fiat most when it gets cooperate body involved and you have a regular payment through Bitcoin which has long been your routine or culture if you may wish. Well I am not surprised because bitcoin was initially designed for the alternative payment which is a p2p form and that has been the stance since it's inception as a digital recognized currency. Bitcoin was built to avoid third party and to encourage digital payment with speed and transparency without any form of irregularities as the usual pattern of delay and others. I think this step you have taken in payment is a good one and it definitely would yield positive results soonest. Keep up with the promotion in your own way and watch as others follow your step.

franky1

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Quote from: proud55 on December 13, 2022, 01:00:40 PM

The less we use cash, the more we pay people through a corporation. The last remaining use of cash and direct payments is Tipping.
Everything else we must pay through a corporation. We cannot pay another human unless there is a corporation involved. As cash disappears this becomes a final fact -- a corporation involved in every financial transaction you pursue. In each transaction, the corporation is taking their percentage but also controls and monitors your transaction.

"We cannot pay another human unless there is a corporation involved."

that is probably one of the better(best) ways to word the risks of a cashless society.

i have seen people shout "privacy" or shout "senator/minister watches my every mcdonalds purchases"

but the simple explanation of the requirement of corporate middleman authorisation and no longer any direct payment via sole control between individuals. is the better explanation i have seen lately

Upgrade00

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This is how digital innovation works, cash transfers are highly inadequate to cater for all transaction needs that we have, hence we need digital form of payments, which can allow us pay from anywhere, to anyone in the world.
The centralization that comes with it is a downside and means our financial dealings are mostly controlled by corporations, which are inevitably controlled by the government.

Bitcoin allows us transact, without a cooperation or central authority, but digital transactions are still giant leaps in innovation.

Dunamisx

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Bitcoin has been serving us with the benefits of ease in making payments through the digital currency than with the use of fiat and the other one is the benefits that reduced the effectiveness of cash bulkiness when making payments, there's no doubt about bitcoin being the current economy solution, making payments anonymously without any physical trace will render the use of fiat to drop from how it's been used for bitcoin to grow since the world now evolved into digital transaction because it's decentralized.

ChiBitCTy

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Quote from: proud55 on December 13, 2022, 01:00:40 PM

The less we use cash, the more we pay people through a corporation. The last remaining use of cash and direct payments is Tipping.
Everything else we must pay through a corporation. We cannot pay another human unless there is a corporation involved. As cash disappears this becomes a final fact -- a corporation involved in every financial transaction you pursue. In each transaction, the corporation is taking their percentage but also controls and monitors your transaction.

BTC

Bitcoin

While I would agree that this certainly does seem to keep becoming more and more the case, I can't say I agree with you in full for how much this is actually happening. I still know of a good amount of businesses where people actually request cash in hand. For example my dry cleaners will charge something crazy like 5% if you decide to use a credit card instead of cash, which essentially forces you to use cash. The laundry mat down the street only takes cash etc etc.

CryptoHeadlineNews

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Quote from: proud55 on December 13, 2022, 01:00:40 PM

The less we use cash, the more we pay people through a corporation. The last remaining use of cash and direct payments is Tipping.
Everything else we must pay through a corporation. We cannot pay another human unless there is a corporation involved. As cash disappears this becomes a final fact -- a corporation involved in every financial transaction you pursue. In each transaction, the corporation is taking their percentage but also controls and monitors your transaction.

BTC

Bitcoin

Yes.. I totally agree with this statement of yours, because the less cash we use, the more money we pay in terms of "fees" to host finance firm's when trying to execute a transaction, but thats where Bitcoin comes into play, offering us the ability to execute transactions directly without the need of middle men (banks) involved, fast and borderless. But you just have to know that there are two kinds of Bitcoin wallet (i.e Centralized wallet hosted by an exchange & Decentralized wallets independent on its own). Which means that if your have your Bitcoin in a Centralized exchange wallet it simply means the exchange has control over your funds, but if it's in a decentralized independent wallet, it means they have no control over it. Which is why is always advisable to save our funds on an independent wallet

Blawpaw

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Quote from: proud55 on December 13, 2022, 01:00:40 PM

The less we use cash, the more we pay people through a corporation. The last remaining use of cash and direct payments is Tipping.
Everything else we must pay through a corporation. We cannot pay another human unless there is a corporation involved. As cash disappears this becomes a final fact -- a corporation involved in every financial transaction you pursue. In each transaction, the corporation is taking their percentage but also controls and monitors your transaction.

BTC

Bitcoin

You are totally right. We have come to a time where we are completely controled by corporations. Fiat is controled by corporations and we as social beings are demanded to use it not because we need to havea means of exchange but as an imposition. Nowadays, we can still use fiat to payanother human hand to hand and withthat you will not be unser the scope of a given corporatio, but Now that CBDCs are becoming a reality, this situation will be even more upon us as fiat cash will be taken out from circulation. Once that happens we will become total slaves. Hence the uttermost importance of Bitcoin, as it will be the only form of financial form humans will have access to.

GeorgeJohn

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Quote from: proud55 on December 13, 2022, 01:00:40 PM

The less we use cash, the more we pay people through a corporation. The last remaining use of cash and direct payments is Tipping.
Everything else we must pay through a corporation. We cannot pay another human unless there is a corporation involved. As cash disappears this becomes a final fact -- a corporation involved in every financial transaction you pursue. In each transaction, the corporation is taking their percentage but also controls and monitors your transaction.

BTC

Bitcoin

It depends the country you are into, because i believe that no corporation we are paying in my country once we make use of cash for any payment. I just on my own understand that, because i believe even with any other currencies which is not cash that corporation you are making reference of, will still be paid, do you realize that any transaction of Bitcoin you made theirs is a particular fees attached to it.

Fivestar4everMVP

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Though you weren't clear enough, but from the little I understood, I would say that to a great extent, you are right about not being able to pay another human except a cooperation is involve when payment has to do with cash, which I would like to refer to as fiat.

Bitcoin is indeed, freedom and has brought freedom to the finances of as many that have embraced it, I am a living testimony to this fact, fiat found with me this days are fiat ready to be spent, bitcoin and some other notable cryptocurrencies have become my savings account, and I've never receive any debit alerting me to a removal of funds for card or account maintenance(a thing very common with money saved in the bank).

proud55

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The less we use cash, the more we pay people through a corporation. The last remaining use of cash and direct payments is Tipping.
Everything else we must pay through a corporation. We cannot pay another human unless there is a corporation involved. As cash disappears this becomes a final fact -- a corporation involved in every financial transaction you pursue. In each transaction, the corporation is taking their percentage but also controls and monitors your transaction.

BTC

Bitcoin

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