Fighting The "War on Terror" By Banning Cash, is Bitcoin the answer

[Chakraball]

France is about to start waging all out war on cash transactions which will, if there are no riots, no doubt be followed by the rest of the West.

"Fighting The "War on Terror" By Banning Cash"

"It was just a matter of time before Western governments used the trumped up "War on Terror" as an excuse to drastically ratchet up the very real war on the use of cash and personal privacy that they are waging against their own citizens.

Taking advantage of public anxiety in the wake of the attacks on Charlie Hebdo and a Jewish supermarket, France has taken the first step.  It seems the terrorists involved partially financed these attacks by cash, as well as by consumer loans and the sale of counterfeit goods. What a shockeroo!"

Full article here,
http://www.zerohedge.com/news/2015-03-23/fighting-war-terror-banning-cash

Spread the word people.

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[pedrog]

I believe the limit in France is 3000 euros, reducing to 1000 is not that big change.

Plus, they are planning this change for like 2 or 3 years now, why did this became news after all this time?

In my country, Portugal, the 1000 euros limit exists since 2012, previous limit was around 10,000 euros, this is pretty common around EU, it's a measure to fight tax evasion by companies.

[inBitweTrust]

Most terrorism is state funded, but we shouldn't use violence and corruption to force people to do the right thing and avoid fiat cash or digital fiat. Currency are tokens that represent the values of society and it will be a long and hard road ahead(but one worth pursuing) convincing people to avoid the toxic instruments of both digital and physical fiat "cash" that fund terrorism(whether it is monsters like the Terrorist group call the "USG" or smaller groups like ISIL).

The first step is to transition over to currencies like bitcoin which directly reflect the values of the individuals unlike fiat which allows for state terrorist organizations to fund their operations without the knowledge and/or consent of the populace.

[Razick]

This has also been suggested by some U.S. economists as a way to eliminate the zero bound (so that central banks can engage in more creative monetary policy, namely, discouraging savers by stealing money from anyone who holds it) on interest rates.

Bitcoin and gold as well as becoming a "collector" of banknotes come to mind.

[OROBTC]

...

Razick

I will likely be preaching to the choir here, but as financial privacy and liberty are taken away (banning large cash transactions is just one more step), that will indeed push more people into quieter assets like Bitcoin and gold.  And even building a banknote collection (3 - 6 months worth of expenses if possible).

So much cash and gold at home also raises the question of durability of ownership.  Lead and lead delivery devices help some solve that problem.

If "they" come for the gold or the guns, it is just a matter of time before "they" have it all.  BTC adds some diversification, and it is hard to seize if properly held.

The threat to the USA (and probably Europe) is much higher from out of control governments than from terrorists.  Once the terrorists cross the line (wherever it may be), they will be eliminated, think Marine Le Pen in France...

[Stifler]

This is a ridiculous proposition. Any restrictions you put in place people or 'terrorists' will just find ways to get around them so you push their behavior further underground and out of sight.

Most terrorism is state funded, but we shouldn't use violence and corruption to force people to do the right thing and avoid fiat cash or digital fiat.

Exactly. But when you have these lone wolf attacks or smaller scale ones the powers that be wont hesitiate to jump on them and use them as propoganda to instil fear into it's citizens. Scared people wont really question the motives if they're think it's being done just to keep them safe and sound.

[Kprawn]

We have to ask the question.... Who is winning "The War on terror" if the western world are forced to change their "currency" use to enable them to fight?

The "terror" seems to be a psychological tactic to create fear..... If you force people to change their lives to adapt to "terror" you gain nothing but increased "fear"

There are ways to deal with this threat ..... and banning cash, is not the answer.... What is next.... Banning all crypto currencies? 

[MF Doom]

whats next, banning access to your own bank deposits??  That honestly doesnt sound too far off...