Cashless society!?

I wish I could say you're wrong, but you're spot on. What are your thoughts on crypto currencies such as Bitcoin and Kie?

 

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@desertgem Hi Jim, I trust you're well. I've seen your post only after posting my previous post. Is it fine to discuss Bitcoin as part of a cashless society here or is it too controversial?

 

As for Bitcoins I can't complain too much. This unknown electronic currency, which I happen to buy 25,000 units at about $125.00 As for any electronic currency, whether Bitcoins or any of them, the government already has attacked them saying that they're a haven for drug dealers, terrorists, and every unseedy person in the world. They can't control it so they don't want it. No banks make money off of it. All you see in the press is how the system has been attacked and hacked. The only difference between electronic currency and the Fed, the Fed give us an illusion that they have something that backs the currency and at least with the electronic one we know what backs it. I don't see this taking on mainstream, but you can never tell.

 

Among those best surviving a post-EMP world are thousands of my closest neighbours - the Amish.

 

We're 100% on the same line. I was just not as fortunate to buy at that price.

 

The economy and the fiat currency will FALL before this every happens. It is unfortunate that we have ZERO trust in the govnernment but they earned that reputation.

 

This thread reminds me of the Y2K discussions in back in the late 1990's

 

But this one is here and real

 

Oh, does Fiat have its own currency? What about GM, Toyota, etc.?

Yes, I know what the gold and silver bugs have in mind when talking about Fiat. As if there was anything such as "non-fiat" money ...

Christian

 

Currently all national currencies are fiat currencies. The last currency with any legal link to gold was the Swiss Franc, which was backed by a minimum of 40% of gold, until a 2000 referendum . As I know

 

What is the link to the alternate site?

 

Madam secretary we need to make a payment to China of 10 trillion dollars what do we do?
Just give them North Dakota they will eventually get them all. OK

 

The value of any currency is a merely perception of society.

In other words if you convince enough people into thinking cash is worthless it has no value.....

 

Yes sir, exactly like gold and silver. Now tell me, for what benevolent, as opposed to sinister, motive would anyone embark on convincing anyone of cash's worthlessness? It escapes me.

 

In my opinion the motives would most likely be sinister.

 

http://www.partisanlines.com

 

And Y2K wasn't?

 

You tell me ?

 

Wasn't what? Sinister? Nah, upgrading software and hardware at the turn of the century was a prudent step done well.

 

@john59 seemed to be implying that Y2K wasn't there, or wasn't real. As someone who was in the computer field throughout the lead-up and aftermath, I get my back up a bit when people suggest that "it was an over-hyped non-event". No, in fact, it was a very big deal, we worked and spent our butts off, and we (almost completely) headed it off.

But some people will get into a highway-speed head-on collision and walk away complaining that the air bag bent their glasses.