Its ridiculous but today a lot of the money in circulation is counterfeit. Printed by nation states and really good quality. Perfect replication. The cost of creating and maintaining U.S. paper cash currency is getting cost prohibitive. Imagine the cost of a hundred dollar bill being 125.00 or more because of the tech you need to put in it to keep it safe. This is one of the more legit arguments for a cashless society as blockchain tech would be protecting it and accounts. Not infallible but very safe. Of course the clear concerns are obvious when a govt proves it will be overbearing and tyrannical with its citizens. Rather subjects or prison labor.
cashless society easier to trace your purchases and keep tabs on youIts ridiculous but today a lot of the money in circulation is counterfeit. Printed by nation states and really good quality. Perfect replication. The cost of creating and maintaining U.S. paper cash currency is getting cost prohibitive. Imagine the cost of a hundred dollar bill being 125.00 or more because of the tech you need to put in it to keep it safe. This is one of the more legit arguments for a cashless society as blockchain tech would be protecting it and accounts. Not infallible but very safe. Of course the clear concerns are obvious when a govt proves it will be overbearing and tyrannical with its citizens. Rather subjects or prison labor.
You want everything you buy tracked because that’s what a cashless society will be. Democrats could turn off your cash if they hate you.Its ridiculous but today a lot of the money in circulation is counterfeit. Printed by nation states and really good quality. Perfect replication. The cost of creating and maintaining U.S. paper cash currency is getting cost prohibitive. Imagine the cost of a hundred dollar bill being 125.00 or more because of the tech you need to put in it to keep it safe. This is one of the more legit arguments for a cashless society as blockchain tech would be protecting it and accounts. Not infallible but very safe. Of course the clear concerns are obvious when a govt proves it will be overbearing and tyrannical with its citizens. Rather subjects or prison labor.
Or just shut off your ability to pay for anything anytime they feel like it.
But if we don’t have armored cars and all that is involved would we see a price decrease as a result? It is a good point because we do not often think of that side of things. I wonder what the cost of keeping cash around is.
www.cnbc.com
At the last bastion of Freedom commonly referred to as a "Gun Show" the ONLY thing I'll take is Cash.
Also cash and checks take up man hours, man hours cost money. Paying the fee is built into everything you buy there I’m sure.
They do not know everything. I know people who make a fortune working off the books. My uncle used to make more off the books than on the books. He did construction and still does when he’s not in a gutter cracked out. He’d make $25,000-$30,000 in a few weekends and then dole it out to his guys. He never claimed a penny of it. If they knew about it he’d have been in serious trouble. It paid for his daughters masters degree for teaching and many other things.
Someone should give you a lobotomy, you're not using it anyway.
"Of course the clear concerns are obvious when a govt proves it will be overbearing and tyrannical with its citizens. Rather subjects or prison labor."
If you think our paper currency isn't being printed by foreign nations states, then you need to catch up with reality. How do you protect cash currency? The hundred dollar bill has 3D holograms and strips.....ect. I'm all ears. Our money is easily reversed engineered by countries and is. You can guess who. The counterfeit numbers in circulation are all over the place and aren't truly reported as it would cause panic. But the regional fed banks have stepped up taking relatively new money out of circulation and putting in the newest bills. That should be a clue. Walk into a bank with $1000.00 in $100 bills from ten years ago and see their response when you want to deposit it.
I'm sorry, (as I walk away in shame with my head down)
Of course counterfeit is all over the place and has been for years. The stupid teenagers will take copies of $20 bills from a printer these days. I’ve seen it and those were bad fakes."Of course the clear concerns are obvious when a govt proves it will be overbearing and tyrannical with its citizens. Rather subjects or prison labor."
Did ya miss this part. lol
Look don't shoot the messenger.
Your dollar is digital now. Has been since you received your first credit card. Don't kid yourself. Payment tracking isn't anything new. The only money not tracked with any code was USAID money. They have been tracking our transactions for decades.
When the Govt says they are passing a law to track payments for ammo, gun items.....ect, it means they have the means to do it anyway and have been. Those not buying said items feel relieved that their 10" dildo is not known to the govt. It is. As is their favorite restaurants they frequent and the types of drinks they buy at the bar. The food they purchase weekly. All known. Back in the 90's marketing companies would buy data from the CC companies. Getting data in any criteria. Age, sex, shopping habits, locations,......ect. How much gas you purchase and from where and how often....you get the idea. The corporations knew all the names and billing addresses but of course didn't sell that with the data. That was sold separately for mailings. Billion dollar business back then.
This may come as a shock to some reading this, but corporations and the Govt eat breakfast in bed every morning together in the same bed. Today the focus is on tech companies but these incestuous relationships have a long tradition. I am just shedding light on the reality of it. Our privacy was lost generations ago.
The cost of keeping cash around is the 3-10% it evaporates every year due to inflation.But if we don’t have armored cars and all that is involved would we see a price decrease as a result? It is a good point because we do not often think of that side of things. I wonder what the cost of keeping cash around is.
map i Googles it. They say it’s about $200 billion a year or about $1,740/household.
Cash costs Americans $200 billion a year
What is the price of paying with cash? A study by Tufts University finds that the average American family wastes $1,739 a year.
True story. Even our Country printed a bunch with no backing for it.Its ridiculous but today a lot of the money in circulation is counterfeit. Printed by nation states and really good quality. Perfect replication. The cost of creating and maintaining U.S. paper cash currency is getting cost prohibitive. Imagine the cost of a hundred dollar bill being 125.00 or more because of the tech you need to put in it to keep it safe. This is one of the more legit arguments for a cashless society as blockchain tech would be protecting it and accounts. Not infallible but very safe. Of course the clear concerns are obvious when a govt proves it will be overbearing and tyrannical with its citizens. Rather subjects or prison labor.
