Bitcoin Forum

So it's 2030, all paper currencies are banned, there is only 1 global currency that is electronic only called The Phoenix (https://www.youtube.com/watch?v=Tl6NxH65mGU)

The Phoenix is centrally controlled by a Global Central Bank, and you can only use it via your bank account or by some specially regulated payment processors. You can spend it via your Phone, Bank Card, or from a Chip Implanted under your Skin.

• Johnny said something bad about the banks in an online forum, so his account is now suspended for 30 days as a punishment. Now he can't buy food, and will starve to death.
• Paula has criticized the government so her income tax rate has doubled for 1 year as a punishment which will directly and automatically be levied from her bank account as soon as she gets her salary
• Samuel is organizing a protest against the abusive behavior of the banks. His bank account, and all his family's account are now permanently suspended. Now they are cut off from the world economy since every merchant and every trade is happening inside the electronic banking system, and they will all starve to death.
• Rachel is talking to her friends about the many starving people who had committed these thought crimes, and as a result they are all cutoff from the economy. Now she and all her friends are punished as well. Everybody who is in contact with thought criminals are punished, so that people will self-censor each other. Big Brother loves this

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What do you think about the scenario described above? I don't think it's an exaggeration of the future that comes.

How will Bitcoin play a role in this to stop this madness, and avoid an Orwellian New World Order.

For me its too exaggerated for thing thing too happen but the possibilties is always there and we would came to a point on which cash would be really banned or step-up into a new form (e-currency). 2030 is too far away from this year and there are so many innovations would really happen along the way and regarding on bitcoin about that year i think it will still exist and used by people but if the thing mentioned above will happen then transaction on bitcoin would be limited i suppose.

to play on the OP's scenario

what if i told you that the 'phoenix' is an LN hub, where everyone's funds are locked into LN multisigs where the counterparty is a hub manager called the Global Banking Group

though i think that the phoenix is going to be what hyperledger is doing. based on the video linked.

but lets see how people feel about bitcoin being twisted into the commercial LN system where the hub owner is the bankers getting their fee's to recoup their investments they handed to devs in 2014-2016

I've never doubted that these are things that could be implemented in a cashless society, and to be honest it's absolutely hilarious when people try to justify it because it's always BS they try to come up with to support it.

I refuse to believe a completely cashless society is a good thing, there must always be physical tokens so that not too much power is concentrated within a small group of people.

But you agree that there is a trend toward that? Most mainstream economists agree that the 1 world currency will come eventually.


That is still optional.

You can just use another hub.


No.

The electronic medium is just a medium. The problem is with centralized power.

Of course the electoronic system is more efficient, however until you get your electricity and internet from centralized providers, Bitcoin won't be completely secure either.


People need to setup their solar power plants, and meshnets. Then and only then will Bitcoin be more secure than Cash, in the power distribution perspective.

what if i told you that those making LN dont want you to settle funds. they are already highly attracted to channels that never close and penalties for closing channels abruptly. translation: once your in your locked in if you want to change 'banks' closing your account will cost you.

As far as the Conservative Christians is concerned this movement towards a cashless society and the use of microchips in digital fiat currencies is the first step towards new world order. An event wherein the Anti-Christ will rule the world using digital money to suppress and control the society. At this point bitcoin is seen as a test to see if digital money will be a success or bitcoin is the currency that will stop the launch of the digital money that will be controlled by the new world order.

If bitcoin is the hindrance and threat to their plans then they are probably going to destroy bitcoins in order for them to have control in the world.

Well I am not that familiar with LN's system, but I can agree with you that if the TX is not settled, it will make Bitcoin a Fractional Reserve Fiat currency.

Since the block confirmation and the limited supply is the only thing that separates a fiat currency from a non-fiat currency.


Maybe LN could have a delayed settling, but not a non-settling.

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But either way, it's just an experiment, if BTC fails, others like Monero will take over that already have privacy implemented in it.

I would have probably said that it was an exaggeration in the past, but with some recent laws being passed involving other kinds of censorship, I think this is a plausible scenario.
And this is exactly the reason why anonymous forms of crypto currency are important to have.

There are dangers of course, being hacked, network disturbance or down can have a severe effect on people's daily life. But I am sure the availability and redundancy of the system will be much better than what we have today.

This examples are not so good you mentioned.
For me the worst of this situation is that, goverments would know EVERYTHING about you. Where you go for shopping, what you buy from shopping, your daily routines, what restaurants you eat and when, what online sexshop u use etc ;)

Yes and then they would craft laws that would prohibit you from buying those things. (Laws like this dont exist yet because they cant be enforced, but in a cashless society, the bureaucrats would love this power)

Like imagine a ban on alcohol, but in the 21 century.

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What if the bank itself is the tyrant. What if the bank you are using has a partnership with a supermarket chain, and won't allow you to buy from other supermarkets other than what they are partnered with.

What if you bank doesnt allow you to transfer your money to another bank? Then you are literally forced to buy only things that they allow you.

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What if a bank allows you to purchase anything but adds a commission to certain products you are buying, because they can. You know they are reserved the right to update their TOS anytime without notifying you.

They can change their commission plan anytime they want, and since your money is already stored at them (and transfering to another bank would be costly), you are now taxed for buying certain products that they have selected.

I am posting this probably third time here on bitcointalk in the corresponding discussion but I honestly think that everyone should be aware of the pros and cons of cashless society.

The first step to deal with its cons is to accept the fact that there are some negative sides and only then we would be able to find a solution for it. Do watch this TED talk,

When money isn't real: the $10000 experiment | Adam Carroll (https://www.youtube.com/watch?v=_VB39Jo8mAQ)

as for the other part of the OP's scenario.. a NFC chip in someones arm..
well first:
they developed the NFC visa debit card 'touchless technology'
next its the NFC wristband. UK barclays is already developed this and will get people used to swiping their wrist across a machine.
https://www.shop.bpay.co.uk/categories/buy-bpay/product/wristband/wristband

even "dudeperfect" highlighted via the ted talk video he linked that disney are also going for the wristband concept to get kids used to paying by swiping their wrist. i set the time in this link to get to that section of the ted talk
https://youtu.be/_VB39Jo8mAQ?t=3m17s

so it is plausable that 'for convenience' people will opt for an implant so they never lose, drop, or have their 'wallet'(wristband) stolen/lost because it will always be available to them, implanted as oppose to worn.

That is true. If there was only one currency in the world, it would obviously be illegal to suspend someone's account and let them starve to death, that is just way to unrealistic. And why would the people around the people who did the wrong thing also getting punished. That is not how it works in the real world.

Interesting.

Well maybe the chip implant  in the head a little over the top. For example, what about a Bitcoin wrist implant? That would not be that bad.

Of course I would not use it, and I would insist for it to be optional.


But it's the content what matters, if the implant is used as a GPS tracking device ,so that disobedient people could be droned, then it's bad.

But if it's just like a Bitcoin wallet, that can be turned off anytime, then it may not be as bad as it sounds.

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The only question it really boils down to is this:

Who has control over it? You or the government.




You know franky I used to think that you were a troll, but now I start to agree with you on certain point. Well maybe they are theoretical, and maybe I am a bit more open minded, but you do raise some good points to possible issues.


But you have to understand that everything now is experimental, all altcoins are like a giant laboratory, where certain things are tested. If Bitcoin tests it with LN, fine, I hope the DEVS will be cautious, like they have been before.

But if they fail, then Monero or Dash will pretty much take over, and their money would show up to be better alternative.

why do you desire monero..

oh wait. the ties to Gmaxwell.. and the blockstream team

can i tell you something..
if bitcoin fails because of blockstreams banker contracts to commercialise bitcoin, going for monero is not freeing you away from this, its just re-rinsing the same plan, by going full circle into yet another currency owned by the same group that may cause bitcoin to fail.

i laugh at anyone thinking that bitcoin is ok to fail, and then mention monero as plan B.. as its obvious those people are happy with letting the banks fail a currency, and they are happy to let it happen over and over again.. which is completely the opposite of satoshi's vision (read the quote in the genesis block to know why bitcoin was invented)

i already thought about that. i think "hardware wallets" are a little cumbersome. and require a computer to USB port the hardware wallet. and downloading electrum or a browser add-on/extension just to make it functional.

the future "killer app" for bitcoin will definitely be a wristband.

I didnt know that Monero was tied to Maxwell, but that is not the point.

The point is that Bitcoin right now has a consensus system right? Which means that if people dont want LN, it wont happen. Segwit only was 28% support for now, which I dont think is ok, but it's the network's decision and I respect that.

I think Core is better and more professional, but it's up to the network to vote. You wanted democracy, you have it.

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I am obviously not ok with Bitcoin failing, however I only said that as a worst case scenario. Bitcoin has a lot of flaws that I have highlighted:

https://bitcointalk.org/index.php?topic=1697411.0

It's not the bankers that will destroy it, but it's own bad design.

And if it were to happen, then monero or other currencies would take over the power vacuum.

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Yes that would be pretty cool. A rechargable battery charged offline wallet, that is completely isolated with no networking.

But it has which can send a transaction via low freq radio waves to a nearby payment system terminal 30-50 centimeters away. But the private key wont be exposed, and it stays inside the device.

That would be awesome, security + comfort in 1 tool. Hey if anyone reading this wanna build this, we just gave you a million dollar enterprize idea....

theres already some open source platforms for people to make a prototype smart watch
http://smartwatches.org/learn/make-your-own-smartwatch-open-source-smartwatch-project/

you can even buy 'programmable' smart watches that are already in a final design
https://www.alibaba.com/showroom/programmable-smart-watch.html

"pebble" seem to offer everything from the programmable watch to the SDK to program it
https://www.pebble.com/watches
https://developer.pebble.com/sdk/

though i linked some examples to show the watches can be programmed. im not sure if any have NFC included as that would be the important part that makes it the 'killer app' for bitcoin

The idea with whe device is pretty crazy,I've never thought of it though it seems really good and will make things much easier.The thing with BTC is it implements a concept which is unique and the concept is something that has never been seen before.BTC is a tool for that concept,yeah,a good one,but who knows when there will be invented a new and better one which will be easier for the people to understand and even better-use

Awesome, but that watch is like 8mhz. How do you propose to create a random number generator on that? It would be a pretty shitty RNG.

Besides I dont think this capacity is enough to program a fully functional wallet, so it probably needs more resources.

But definitely in the next 5- 10 years we will see miniature wallets like that, and that would be very cool.

The technology is not only pushing us towards being cashless but also towards device less and I would further quote couple of technologies which are going to change the way of our payment system.

1) First one is Amazon Go,

New kind of store featuring the world’s most advanced shopping technology (https://www.youtube.com/watch?v=NrmMk1Myrxc).


2) Aadhar Enabled Payment System

The government of India introduced this in India. In this system, unique identity number is allotted to each citizen (collected biometric details for that) of India and those who have linked their number with the bank are getting government subsidies directly in their bank account.

Now if a person wants to spend his money from his bank, then he just has to give his thumb impression to POS machine, and money will be deducted from his account.

No smartphone, No passwords, No Cards

Aadhar Enabled Payment (https://www.youtube.com/watch?v=SldVfCH7nEM)

This will boost this technology even in rural area and since cash crisis, more and more people are preferring digital payments.

though i like the idea of amazon go

downsides.
1. amazon go.. someone steals your phone=shopping spree, champagne and caviar, mmm
2. Aadhar EPS.. if your a manual worker where your fingers get chapped(dry brittle skin) or a papercut, you starve

point 1 also applies to hardware wallets and wristbands. so although easier to use as a wristband/smartwatch rather than a phone or debit card. i feel its only a 'training' device that UK barclays/disney have started doing and eventually they will probably suggest implants as an even more convenient method that you will never lose

same goes for point 2. an implant wont get affected by manual labour or papercuts scrubbing away the top layer of skin to distort fingerprint scanners.

sidenote.
amazon go's concept is not new. and i prefer this IBM advert from 10 years ago to amazon go's advert today. :D
https://www.youtube.com/watch?v=GclCUPr2CV8

You seem to be in India and you are upset with the cash being withdrawn and I won't say you are wrong to be worried about cashless risks, there is a major risk, cause they are not secured, while Bitcoin is decentralised and secured, it can't be controlled by any one or manipulated by any one. It's the best bet buy it and live a happy go life

bitcoin ONCHAIN transactions are as you say.
but what if i told you the devs want to push people into multisigs requiring a hub manager to 'authorise' your purchase by signing off on your transactions..... where your funds are locked in a 50/50 control address where you are penalised for wanting to get out early or not agreeing to a variable fee

by devs pushing for offchain LN as the ultimate solution rather than natural onchain progressive scaling (dont rebuttle with sudden large jumps in small timeframe doomsday, as thats already been proven wrong)  we are seeing bitcoin become less permissionless and less uncontrolled

I will go out myself from this economy because you could never have the chance to argue, express your personal opinion or talk about anything with your friends in the danger to have a consequence. I will simply change my job to become a farmer and grow my own food and exchange my service with a community with the same mindset.

I remember reading about The Phoenix, I think it is a very serious concern, but a lot of people wash it out as random and stupid Alex Jones type of conspiracy. I think it's real and it's happening as we speak. Societies are going to remove cash in order to have total 100% control on people with the excuse of terrorism and whatnot.

It is then when we are going to need a decentralized Bitcoin (that is, a blocksize small enough to keep the nodes decentralized so governments don't easily intercept datacenters hosting the nodes and kill it by pulling the switches). Of course, you'll have franky1 here posting all day how raising the blocksize is a good idea (and it is, but ALWAYS it must be a rather conservative increase, otherwise it's worse than relying on a secondary layer, and relying on a secondary layer is the best thing we got yet).

Yes, there is a standard process which must be implemented if we want to bring change in the masses.

It like cash - less cash and finally cashless.

Same for device,
Device - less complicated device - device less.


There is also another aspect of this technology (over spending) which Adam Caroll explained in his TED talk.

I think we can relate it with the bitcoin too as $100 = 0.09 btc and there is difference in the impact of viewing 100 and 0.09 in the wallet balance (in spite of having same values) especially for new comers. That's my observation.

Won't happen. The history of humans is a story about groups of people breaking away and doing their own thing. Hell, bitcoin is the latest example of this - it emerged just after the financial crisis.

And look at all the alts proliferating - initially bitcoiners tried to go stop the alts, they went full authoritarian in favour of the 1 Global Cryptocurrency and they got completely crushed, those disobedient alts devs kept producing new coins, LOL.

Seeing the scenarios above, it's downright chaos if that happens. The banks are super evil that one thing you do against the economy or the bank will lead to your destruction. Bitcoin could solve some of that, firstly because of its decentralized nature. No one controls it and it would just be peer to peer transactions.

yep, we are already seeing some governments proposing to allow the tax office to access peoples bank accounts and just take what the tax office thinks people owe without question. the UK for instance is implementing "Direct Recovery of Debts (DRD)" where HMRC literally takes the money from your account.

i feel this will be expanded where this will happen for many things like: parking tickets, court orders, local service charges, etc. where rather than having bailiffs/debt collectors knocking at your door to request you pay up (costing government money in wages) they will just press a button and take the funds from your account.

funny thing is that ive always said 2mb is fine.. the community said its fine
its the core fanboys that dream up doomsdays of 80gb tomorrow..

those wanting onchain scaling have LAST YEAR compromised to 2mb knowing that 8mb is safe, but 2mb is super safe to shut up the core doomsdayers..
yet all year core fanboys have been talking about hundreds of megabyte blocks and terrabytes of yearly growth... yet that has never been part of any bip or viable option for any real growth..

so wake up and stop following the old script. and learn what real onchain growth proposals have actually always been. and stop crying the doomsday scripts of yesteryear

the real funny part is how the core fanboys are throwing around the "conservative" buzzword. you guys have no clue of the meaning of the word, and the over use of the word by the same group has become very apparent and recognised
sounds like a script when all of a sudden out of nowhere every core fanboy tries to slide in the word "conservative". its like one of them sales games, you get commission for mentioning a buzzword in a sales pitch.. but it starts to become obvious by the over use of the word where in context, core are spouting out the opposite of natural safe growth

you do realise that pruned nodes, no witness nodes and LN nodes are going to kill off/dilute down the full node count
because it wont increase the node count, it will tempt those who are full nodes to downsize..

far faster than natural onchain growth would

It sounds exaggerated, but new laws are being made and the scenario will be taking place 13 years from now, might be possible or not, first having a cashless society and the bank can have full authority of your money and making a mistake or a negative image of the bank will get you punished is like a martial law. but when that happens there would already be an underground society which will make their own currency or like an item trade which will be a place for people who have been suspended, banned. criminals, homeless etc.. in short word it will be like the black market in 2030, which everybody is welcome. How's that for a counter scenario. but tbh your scenario might really happen bu,t a lot of people will oppose the implication of a cashless money lose the privilege of controlling your own money with your own hand.

This isn't that far out... see history.  Humans are serious POS when they are in power.  Look at America.. buddy comes out telling people he was forced to kill children.. They put him in prison for life, solidary confiment, force feed him, torture him.. The "leader of the free world" are POS.. and they are the kindest there is.....

If i am not mistaken there were few famous names in the united states who already did set things up,, if i am not mistaken obama was one of them.

Well this pretty scary, as there were a lot of doubts especially to those religious groups because they believe that it is illuminati act in which you cannot purchase if you do not worship satan)

It is not a highly unlikely scenario IF private/centralized networks are used. We have already seen Demark working on eKrone and if this is a

Fiat based currency being controlled by their government, they could easily fall victim to this. The same can be said about all other electronic

payment options controlled by private ledgers. Eg.. VISA/PayPal/MasterCard { When they ban cash, these will be your only alternatives }

How will Bitcoin prevent this? Well for one thing, it is decentralized and not controlled by one single entity.  ;)

You could also resort to trading physical commodities. { silver and gold for food }  ::)

If this scenario were to be discussed before the birth of Bitcoin, I would have said people would shift their wealth to gold and physical assets.
In such a hypothetical scenario, there would be enough people who would be ready to migrate to a private, stateless island and who would tell the Global Central Bank to take a hike. Of course, Bitcoin would be the currency in the stateless island.  :)

Well given that most people dont have any money, they can take anything they can get their hands on.

I know personally a lot of people, who live from paycheck to paycheck. But if they take the money right after you get your salary, then they are fucked for sure.

Yes humans are a race of thieves and slaves, what can I say. Keep this trend up and most humans will starve to death soon, because they wont even have money to buy bread.

Fiat Inflation is already causing most of these problems. The government manipulate inflation to serve their needs. So, if you use Fiat or some cashless system controlled by government, you are fucked either way. They print cash like toilet paper, and this kills the value of your cash.

If they apply this principle to some cashless system, where they have control over the generation of the currency token, then you would be totally fucked.

Bitcoin use real market dynamics with demand and supply and consensus systems to eliminate these threats. ^smile^

The difference though is that inflation robs everyone but this kind of system would only rob certain people.

SO they would use this to their advantage to control people, take the cash out directly from people's account IF THEY DO SOMETHING AGAINST THEIR WILL, and this way they buy their obedience.

And this can be done both by the government, as the bank, or even by a partner corporation.

Every corporation will scramble to have control over you, just like how many businesses sign you up to there stupid gift card programs, they will also sign you up to other "cashless" things where they will have the control over your money and not you.

Tyrany can be endless if you think about it.

It's probably the most corrosive thing that could ever happen to a society.

Check out the social credit experiment they're doing in China too.

The level of overbearing authoritarianism is about to go through the roof.

hyperinflation does not rob everyone.... not at first
people on a fixed mortgage win... initially
the only problem is the banks lose out because the mortgage contract ends up only buying a loaf of bread.
people on a variable mortgage lose...
they end up having to pay ever increasing amounts. thus draining the person dry..

what then happens, which has been seen to have happen in africa(Zimbabwe) and the middle east(iraq/iran) in the past and isreal, syria right now) is the bankers then start a war, to force people out of their homes. (thank washington DC (IMF) for this)
the bankers then take the land and build new sparkling apartments to sell at profit.

check out all the new banks that were created in the middle east AFTER the bombs started striking those countries

you can see this happening now in isreal, syria. its a mass land grab. you can see what happened in zimbabwe and iraq/iran in the past.

the IMF will always win eventually

Yes that is Orwellian, but I guess those communists there dont really care.

Oout of all of them, the EU seems to be the most reasonable, atleast the EU has some limited data protection laws.

Europe has learned a hard lesson with Hitler, atleast they dont want that to happen again.

The other countries dont even bother with such things.

You forget something. Bitcoin was invested as a method of decetrwlzing from banks and government. Now do you really think people would not just create another currency and drop this phoenix you talk of ? People would resort to trade if this really happened. I would rather trade my chickens for bread then ise a bs payment system you speak of. Do you think people will just stand around and be treated that way ? You say a man won't be able to feed his family for a month. Now do you honestly think a man will stand by and let his family die ! Umm no, his and his families lives are under direct threat so civil war would break out and that man will kill for his family lytrally. Bands of people would get together and rebel. If you threaten someones life they will protect themselves.

There more people then the government and the government better remember that. If people are that unhappy they can turn the government over with ease.

Its too fictional/sci-fi to actually consider really, I don't think it will happen any time soon. And even if something similar happens in the far future, it will not happen all over the world, maybe some country or some part of the world but not on the entire planet. And Also whenever it happens, it won't stay for long, and will definitely collapse, the government and the system.

check out denmark and sweden. it's on the verge of happening for real not too far away from today. it'll certainly vary from culture to culture but it's what every authority wants.

Sweden will probably collapse under their retarded and irresponsible welfare system before that. Most people will get broke and homeless, so their bank account will be the least of their worries.

This will be problematic for people who have a little tiny bit of savings, but they want to steal that from you too.

As per my understanding, a cashless society will finally find bitcoin more useful. Because for me, currently bitcoin is the best to payment processor compared to any e-currency systems, similarly after using any government suggested payment systems people will land on bitcoin adoption.

Moreover cashless society will not be possible for any country until achieving hundred percent awareness and importance of fighting against black economy and corruptions.

a cashless society also makes every transaction trackable which means if they take against bitcoin you're likely to have some serious problems getting in and out of it unless it's all p2p.

Bitcoin is a means of freedom in financial system. Everyone know that there is already some restrictions even in cash society but due to bitcoin all of these restrictions are finished and none of the government can give any restriction to the bitcoin user.

and it's true.

in my country, we have experiment 2 devaluations of the money (old franc and new franc = value divide per 10x and new franc and euro = value divide per 6.5x).

we know what is the destruction of a money.
that why old people have gold bar or gold coin.

for my generation, bitcoin is more acceptable in a computer world ... and my generation understand the principe of P2P (Bitcoin) ... more than the concept of streaming (Central Bank).

You'd likely never be able to get "money" for Bitcoin, and it would have to be a medium of exchange that you sell things for, or work for, and lives in its own separate economy. There will likely never be any crossover again unless the government was to get weird and let people use it openly. If that doesn't happen, it is possible governments will freeze accounts due to centralized power and a desire for control.

anyone on for instance the american foodstamps debit card able to explain how this is administered. where its not meant to be allowed to 'cash out' and only meant to used to buy 'healthy foods'.?

do the social security office penalise foodstamp recipients by knowing whats bought. or is it up to the retailer to refuse service if someone using these unemployment debit cards if asked for alcohol and cigarettes using the card

i only ask as an example of a dystopian future where in a cashless society if alcohol prohibition was to return. how it would be stopped or worked around.

i already seen news of america not allowing deadbeat dads to renew their car licence/registration if they are flagged as not paying child maintenance.

"The powerful business lobby Wall Street banks (JP Morgan, Goldman Sachs) relayed by the World Economic Forum in Davos in 2016, sold two ideas to states and institutions like the EU: virtual currencies or cryptocurrencies (the best known is the bitcoin) and a cashless society." Marine Le Pen

No fan of this lady, but bitcoin has clearly been introduced as a pre cursor to a cashless 1984 society, we'll soon hear of it being used in some false flag funding and then central banks will look to offer a solution, conveniently introduced at the same time the funny money dollar is in a transition state of being replaced as the reserve currency of the world.

It's probably controlled by the retailer by law, probably.

There is a similar scheme where I live, where you can only buy food and groceries with these food tickets. Now of course they were tickets before but they are now rolling out debit cards for it.

So how it works, is that you go into a supermarket and the cashier guy can only count the food products for that ticket (no beverage and no tobacco of course), for example:

You buy 5 beers for 10 euro, 1 kilogram of apple for 3 euro and 1 frying pan for 15 euro, in total you pay 28 euro, and if you have a 10 euro ticket, you can only deduct 3 euros and the rest you have to pay with currency, and then you are forced to buy another 7 euros worth of food, since the other items are not deductable, and you cant get the rest in cash, its not allowed.

So you cant swap the tickets for cash, nor you can buy alcohol , tobacco, and other prohibited consumable goods for it.

Now of course most people dont give a fuck and they regularly swap the tickets for cash, but it's just that the supermarkets are not allowed to do.

However after they roll out the debit cards, and probably make it mandatory, it's game over, now the rule is enforced 100%, because the bank will just simply not allow those products to be bought. Maybe the bank database will be linked with the merchant database ,and the bank will filter out prohibited items by product code.



I suspect it works like this in the USA as too, it's a similar scheme.

That's sheer wild imagination, this won't ever happen. But I do understand your concerns on a cashless world are legit. I personally do not support it, cause the system is not at all secure to make sure they can prevent hacks, the system is easy to hack and compromise. It needs more to be upgraded and it needs to be implemented well and as well as the government approval given. Bitcoin you can say is our Knight in Shining armour, and it is helping us as a new Avenue of investment,earning money, plus even giving us high profits to stand on our own. I do see if it rises some countries shall adopt it by 2025 at least but it would be hard though.

Being cashless will promote government based apps and currencies, like in India they are promoting paytm so not really there will be a promotion of bitcoins. But still cashless society will have some cash even at the backend as you cant vanish Fiat from everywhere like villages etc.