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Title: The death of cash Post by: Jet Cash on March 10, 2019, 12:24:28 PM 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". Title: Re: The death of cash Post by: TECSHARE on March 10, 2019, 12:37:32 PM 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.
Title: Re: The death of cash Post by: Jet Cash on March 10, 2019, 01:52:01 PM 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.
Title: Re: The death of cash Post by: TECSHARE on March 10, 2019, 02:06:41 PM 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. Title: Re: The death of cash Post by: JetAid on March 10, 2019, 04:06:51 PM 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.
Title: Re: The death of cash Post by: TECSHARE on March 10, 2019, 07:12:29 PM 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. Title: Re: The death of cash Post by: BADecker on March 10, 2019, 07:56:47 PM Store coupons are private cash. 8)
Title: Re: The death of cash Post by: KingScorpio on March 10, 2019, 08:01:03 PM 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? Title: Re: The death of cash Post by: BADecker on March 10, 2019, 08:07:29 PM 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? 8) Title: Re: The death of cash Post by: dippididodaday on March 10, 2019, 09:33:42 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. Title: Re: The death of cash Post by: BADecker on March 10, 2019, 10:57:10 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. 8) Title: Re: The death of cash Post by: andulolika on March 11, 2019, 12:41:32 AM 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. Title: Re: The death of cash Post by: KingScorpio on March 11, 2019, 01:45:09 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? 8) 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 Title: Re: The death of cash Post by: Beerwizzard on March 11, 2019, 02:03:23 PM 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. Title: Re: The death of cash Post by: BADecker on March 11, 2019, 03:14:06 PM 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. 8) Title: Re: The death of cash Post by: pekobites on March 11, 2019, 03:27:05 PM 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". The process of accepting paper money as cash was also quite long, and it also started with private enterprises like banks issuing their own banknotes that were used as cash, eventually moving towards mass adoption I believe the cryptospace will experience a similar evolution but in a much faster way, we are already way ahead than the first banks Title: Re: The death of cash Post by: TECSHARE on March 11, 2019, 05:09:41 PM I believe the cryptospace will experience a similar evolution but in a much faster way, we are already way ahead than the first banks Before too long, all of us will be our own banks, and our notes will be as good as our word. Title: Re: The death of cash Post by: sheenshane on March 11, 2019, 05:24:24 PM I believe the cryptospace will experience a similar evolution but in a much faster way, we are already way ahead than the first banks Before too long, all of us will be our own banks, and our notes will be as good as our word. I have read that the people are moving their assets to digital currencies and golds because there will be a big will happen soon. There will be a chance that world war three is coming and that Jared kushner (the son in law of trump) will become the lead of said globalization to wage war. I did not mean to scare people here but if you already know that war is coming, you have to move your money out of the banks and get golds to preserve your wealth. Title: Re: The death of cash Post by: TECSHARE on March 11, 2019, 05:57:43 PM I believe the cryptospace will experience a similar evolution but in a much faster way, we are already way ahead than the first banks Before too long, all of us will be our own banks, and our notes will be as good as our word. I have read that the people are moving their assets to digital currencies and golds because there will be a big will happen soon. There will be a chance that world war three is coming and that Jared kushner (the son in law of trump) will become the lead of said globalization to wage war. I did not mean to scare people here but if you already know that war is coming, you have to move your money out of the banks and get golds to preserve your wealth. I dunno about the Kushner part, though definitely not a fan of him, but the rest is more real than anyone cares to admit. People like us have been warning you for a long time, if you get caught making no preparations after ignoring these warnings it is your own fault. Title: Re: The death of cash Post by: BADecker on March 11, 2019, 08:54:58 PM Forget cash problems. Here's what is really scary. Anybody know what an ELE is? It's the reason why Elon Musk and others want to prepare Mars for living.
Is Fukushima really an ELE? (http://www.freedomsphoenix.com/News/257432-2019-03-10-is-fukushima-really-an-ele.htm) Recently it has become rather annoying to try to research almost any topic without repeatedly tripping over the letters E-L-E. From Nibiru to Yellowstone, this term has been getting thrown around a lot, sometimes as irresponsibly as the impending doom scenario being described, which often times hasn’t even happened yet. Generally, I like to stick with the doom that has already occurred, rather than worry about things that haven’t. So what exactly is an ELE? Wayward planets, supervolcanos, and scary comets aside, in the case of the Fukushima Accident – 3 nuclear meltdowns which have gone China Syndrome and have never been contained – is this term really being used correctly? Extinctioj flood An ELE is a BIG DEAL. So when laying down the ELE-card it is important to understand exactly what an ELE is, and how it changes the game. By definition: An Extinction Level Event (also known as a mass extinction or biotic crisis) is a widespread and rapid decrease in the amount of life on earth. Such an event is identified by a sharp change in the diversity and abundance of macroscopic life. It occurs when the rate of extinction increases with respect to the rate of speciation. Because the majority of diversity and biomass on Earth is microbial, and thus difficult to measure, recorded extinction events affect the easily observed, biologically complex component of the biosphere rather than the total diversity and abundance of life. Extinction Level Event 8) Title: Re: The death of cash Post by: lobcmt2 on March 12, 2019, 01:56:03 AM What's happened in Venezuela when locals there have to carry bags of cash to buy only a cup of coffee is a classic example for the coming death of cash, not only in the nation, but also on the worldwide scale.
https://cdn4.dogonews.com/images/411a9b0b-d6ee-4951-b08e-dacb688521b3/1412115.jpg In addition, the situation for locals there has become much worse with the last days without or lack of electricity supply. Title: Re: The death of cash Post by: Jet Cash on March 12, 2019, 06:06:50 AM One gold or silver coin or a bit of dash or Bitcoin would cover the cost of that coffee, and give a load of change.
btw - they can't be starving if they are paying cash to buy cups of coffee in restaurants. The main ELE was the creation of man. Title: Re: The death of cash Post by: tmfp on March 12, 2019, 12:17:04 PM btw - they can't be starving if they are paying cash to buy cups of coffee in restaurants. You spotted the fatal flaw in their commie propaganda, congrats. Title: Re: The death of cash Post by: BADecker on March 12, 2019, 03:49:57 PM Cash use is dying because of the convenience of credit/debit cards... and maybe other forms of electronic money. The question isn't really the death of cash. The question has to do with the death of fiat. There will always be barter, and money is a form of barter. But as fiat, money is a form of barter that makes the money makers more money by stealing from the money users without their realizing it. Below is the REAL death of cash.
How to Use Bitcoin When the Apocalypse Hits (http://www.freedomsphoenix.com/News/257480-2019-03-11-how-to-use-bitcoin-when-the-apocalypse-hits.htm) When the world collapses and society splinters into factions fighting for the scraps, you'll want to keep your friends close and your crypto closer. Whatever the cause of the fallout, economic disaster is certain. Fiat currency will be the first to falter, leaving gold, bitcoin and barter as the only surviving means of exchange. Here's how you can use your crypto when judgement day comes. It's the End of the World as We Know It Bitcoin has long attracted interest from fringe elements of society. Anarchists, freedom fighters, libertarians, gun nuts, hoarders, preppers and combinations thereof. Many of these individuals have little faith in society, believing that global collapse is imminent, bringing the financial system down with it. In this post-capitalist world, only the prepared will survive, armed with their wits, weapons, a supply of canned goods and, of course, a stash of peer-to-peer currency. There's just one problem: depending on how hard the apocalypse hits, and depending on its cause (nuclear fallout; meteorite; electrical storm; aliens; zombies), performing the sort of digital activities we take for granted today may be virtually impossible. For those convinced that the end times are nigh, it's not enough to stockpile bitcoin – preppers must also figure out how they're going to spend it when shit gets real. https://news.bitcoin.com/wp-content/uploads/2019/03/bitcoin-apocalypse-1024x512.png Sending Crypto When the Internet's on the Blink It would be easy to write survivalists off as loonies, but when the apocalypse arrives... 8) Title: Re: The death of cash Post by: Jet Cash on March 12, 2019, 04:04:23 PM Cash use is only dying for the middle classes. The Britannia is still being promoted by the Royal Mint, and it is being used, together with the Sovereign ( the coin, not the Queen ) for international payments.
https://www.royalmintbullion.com/Products/Britannia/Gold/UKB19GOS Title: Re: The death of cash Post by: TECSHARE on March 12, 2019, 04:13:22 PM Cash use is only dying for the middle classes. The Britannia is still being promoted by the Royal Mint, and it is being used, together with the Sovereign ( the coin, not the Queen ) for international payments. https://www.royalmintbullion.com/Products/Britannia/Gold/UKB19GOS Are you sure the queen isn't being passed around for international payments? Title: Re: The death of cash Post by: Brunus on March 12, 2019, 05:23:27 PM Well, the big net company are setting the base... We'll have very soon Facebookcoin, Googlecoin, Amazoncoin...
Title: Re: The death of cash Post by: Semosuchi Tesongrato on March 12, 2019, 09:28:37 PM Well, the big net company are setting the base... We'll have very soon Facebookcoin, Googlecoin, Amazoncoin... Yes, and these coins won't be decentralized, so... bye bye Nakamoto...:( Title: Re: The death of cash Post by: BADecker on March 13, 2019, 01:02:32 AM Well, the big net company are setting the base... We'll have very soon Facebookcoin, Googlecoin, Amazoncoin... Yes, and these coins won't be decentralized, so... bye bye Nakamoto...:( Maybe somebody should make the decentralized Nakamotocoin. :D Title: Re: The death of cash Post by: omonuyak on March 19, 2019, 02:33:21 PM I have a different views about about cash but after reading this your thread and comments others has made I have to change my thinking. Cash will never die as far as governments is there. I believe that the wealthy will continue taking the advantage of the poor through the cash system.
Title: Re: The death of cash Post by: Jet Cash on March 19, 2019, 03:47:35 PM Following the hijacking of the Yellow Vest movement in France, they are now suggesting that supporters should withdraw all their bank deposits in cash, and use cash for payments. It will be inconvenient, but it will disrupt the banking system, and will be more productive than burning and destroying assets that will be needed for an economic recovery.
Title: Re: The death of cash Post by: LUCKMCFLY on March 20, 2019, 04:50:42 AM It would be great if all transactions were made digitally, with cryptocurrencies and taking the use of bitcoin to much higher levels in the traditional economy, but we can not forget that in countries like Germany the use of FIAT money is use and much stronger
The FIAT money is very used mostly by governments and banks to have better control, however, the FIAT money when printing a lot which causes an increase in inflation, this is the weakness that the bitcoin does not have, because the bitcoin represents a totally deflationary economy, it is an advantage over FIAT money. However the correct implementation of bitcoin in the traditional economy, where it is managed by governments and banking, should be introduced little by little, so that people get used to cryptocurrency and its benefits, but even so, FIAT money would be still framed in the global economy, it is very difficult to eliminate it. Title: Re: The death of cash Post by: Malsetid on March 26, 2019, 02:22:12 PM I have a different views about about cash but after reading this your thread and comments others has made I have to change my thinking. Cash will never die as far as governments is there. I believe that the wealthy will continue taking the advantage of the poor through the cash system. Same here. As long as there people in power stay in power and the system itself is the same, cash will always be here. Even when the time comes that crypto is adopted widely, cash will still be a relevant mode of transaction. People need to have a physical item to hold in their hand you know. Bitcoin will also be here in the future but i will not make cash obsolete. Title: Re: The death of cash Post by: r1s2g3 on March 26, 2019, 10:31:56 PM Yes, and these coins won't be decentralized, so... bye bye Nakamoto...:( They will be of no value. These corporation are working to fill their own reserves ,people will get nothing. Following the hijacking of the Yellow Vest movement in France, they are now suggesting that supporters should withdraw all their bank deposits in cash, and use cash for payments. It will be inconvenient, but it will disrupt the banking system, and will be more productive than burning and destroying assets that will be needed for an economic recovery. But in the end , Money will reach to bank. Even when the time comes that crypto is adopted widely, cash will still be a relevant mode of transaction. People need to have a physical item to hold in their hand you know. Bitcoin will also be here in the future but i will not make cash obsolete. People do not need physical item to hold but they need convenient and easy thing to use. I rarely see people are using physical cash in big departmental store. They use cards. Title: Re: The death of cash Post by: tmfp on March 26, 2019, 10:56:29 PM Maybe someone could create a hybrid of crypto and fiat, they could call it Bitcoin Cash. Oh wait... |
