Quote: (05-03-2016 12:11 PM)captain_shane Wrote:
Anyone who votes yes is out of their fucking mind. It will happen though because people are fucking morons who can be easily hoodwinked by the following positives:
Positives:
+ Fast easy transactions
+ Drug transactions will be much harder
+ Money laundering much harder
+ Tax evasion non existent
I'm confused, why would these be positives?
With our overlords watching I'm not going to say any more on these topics, but this is definitely not a clear cut positive.
Well maybe it is to lawmakers and SJWs, but I think many here wouldn't agree with it.
Quote: (05-03-2016 12:46 PM)PhDre Wrote:
^MrFish, you are completely correct in that we need an anonymous, decentralised currency.
However, the problem with bitcoin is that it's a digital currency; it needs the internet to work.
What if the government decides that bitcoin is illegal and they start to take out network nodes or exchanges?
That's the beauty of cash. The government doesn't know how much you have or how much you spend.
The only real downside is that the central banks can create it as they please.
The perfect solution would be a currency that is anonymous, decentralised, offline and limited in total amount.
Cryptocurrency can be offline. You can keep digital wallets stored offline on a USB and even do exchanges offline through handing over these USB wallets.
The only danger is that it will require several layers of vetting before you exchange cryptocurrency with anyone because they could be a government agent, or just willing to snitch.
As for digital exchange servers, there are many notorious online black markets on the darknet which have lasted years.
For transfers between wallets, governments will know transactions occur, but they won't know where they are generated from. For example, the largest bitcoin transaction recorded was worth $147 million, but no-one has any clue who did it.
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In the event of cash being banned (or made significantly less accessible) the world will move towards a bartering system with precious metals etc, or we will all use cryptocurrency.
My money is on cryptocurrency because:
- It is highly divisible, making it superb for micro-transactions
- It can be hidden - on a USB, on your computer, on an online server
- It can be backed up in multiple locations, cloud and offline
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We've already learnt this year that the mainstream hates our movement and we quickly made our tribes underground.
Currency will go the same way, and with our community being the cutting edge of many thought movements I can see within a few years we'll all be using the darknet and cryptocurrency.
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On another note,
What's also worrying is the steps they've already taken towards cashless societies:
Quote:Quote:
Sweden has already phased out most cash transactions.
According to Credit Suisse, 80% of all purchases in Sweden are electronic and don’t involve cash. And that figure is rising.
If the trend continues - and there is nothing to suggest it won’t - Sweden could soon be the world’s first cashless society.
Sweden’s supply of physical currency has dropped over 50% in the last six years. A couple of major Swedish banks no longer carry cash. Virtually all Swedes pay for candy bars and coffee electronically. Even homeless street vendors use mobile card readers.
Italy made cash transactions over €1,000 illegal;
Switzerland proposed banning cash payments in excess of 100,000 francs;
Russia banned cash transactions over $10,000;
Spain banned cash transactions over €2,500;
Mexico made cash payments of more than 200,000 pesos illegal;
Uruguay banned cash transactions over $5,000; and
France made cash transactions over €1,000 illegal, down from the previous limit of €3,000.
Any guesses on the next big move towards cashless?