imagine a government currency where you can tell which politicians family members end up with all the lucrative contracts.
Whatever it is they are talking about, it isn’t money.
Of course, Newsweek *immediately* go towards attempting to use technology to tax the shit out of every transaction.
These people (the Left) make me sick. Let’s just go back to gold and silver coins.
Imagine a black out where electronic “tokens” are worthless.
just reading exerpt, the fool who wrote this article has no idea what he/she is writing about ... just a bunch of futuristic happy talk with no grounding in reality ... the author might as well be promoting the wonders of flying cars that are just around the corner any time now ...
This sounds absolutely ripe for corruption and skimming off the top.
We should go back to the silver standard. Gold is just too rare, and much too easy to basically corner the market on if one or a group is very well off. Silver is plentiful.
Get government entirely out of the money business and eventually you will have sound currencies with something behind them-—if there was no(in reality meaningless) government guarantee on money or on the door of the bank you’d probably be damned careful where you invested and put your assets.
You want to try to program bits to come off transactions for sales tax in every county in the US? Cute.
Someone is inventing a new racket to solve a problem that doesn’t need solving
More commie BS.
Glad I’m old, I’ll probably die for they pull this one off.
“programmed to pay its taxes, bit by bit, with every transaction”
I wonder how much the value of bitcoin drops tomorrow.
Paper is not money. Scrap metal is not money. And something almost no one understands is not money.
If you have a Krugerrand, or some similar gold coin, let someone else hold it and watch them smile.
ML/NJ