Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: DoodleBob

Regulation is coming, as is a digital currency.

I’m interested in how criminals will use it, or if cash will still be used.

Either way, globalists are the biggest criminals on Earth.


14 posted on 01/01/2023 6:30:11 AM PST by EEGator
[ Post Reply | Private Reply | To 11 | View Replies ]


To: EEGator

If you wish to crush illegal activity, recall and replace the $100 bill.

It would be fun to watch the truckloads of cartel money turning into worthless paper.


22 posted on 01/01/2023 7:05:18 AM PST by Vermont Lt
[ Post Reply | Private Reply | To 14 | View Replies ]

To: EEGator
America has long resisted global currency trends. Remember the Susan B Anthony (later Sacajaweau) dollar coin? "European nations have scrapped their dollar bill-equivalent." And yet, we Neanderthals cling to our paper currency.

To be fair, big ticket cash purchases are rare. But that's more for convenience. Many kids under 30 still use cash, especially if they're getting paid under the table (which, nowadays, for gig economy kids is a way of life). While I suspect many older people will succumb to the siren song of going cashless, most of won't fall for the trick.

I don't deny that crypto regulation is coming. But it'll simply be a business-insulating barrier to competition versus a "protect the little guy" edifice.

29 posted on 01/01/2023 7:20:05 AM PST by DoodleBob ( Gravity’s waiting period is about 9.8 m/s²)
[ Post Reply | Private Reply | To 14 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson