Quote from: BADecker on March 10, 2019, 08:07:29 PM

Quote from: KingScorpio on March 10, 2019, 08:01:03 PM

Quote from: 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".

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?

Cool

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