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ON THE BRINK OF A DRAMATIC CHANGE: THE DIGITALIZATION OF MONEY
BitCoin Magazine ^ | 03/27/2024 | Efrat Fenigson

Posted on 03/30/2024 5:29:45 AM PDT by Jan_Sobieski

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To: yuleeyahoo

Which is one of the big reasons so many Christians think this is the end times.

The level of technology we have these days allows for the kind of control that the antichrist needs to institute his one world everything and the mark of the beast for buying and selling.

At the rate we’re going, I don’t see the human race surviving much longer without divine intervention.


21 posted on 03/30/2024 11:01:59 AM PDT by metmom (He who testifies to these things says, “Surely I am coming soon.” Amen. Come, Lord Jesus…)
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To: Tilted Irish Kilt

By the way, I know exactly how they will force us off the dollar.

All they need to do is print a zillion of them.

Either you go to the new US Credit, or you stay with the US Dollar and lose your shirt.


22 posted on 03/30/2024 11:24:33 AM PDT by Lazamataz (We are so screwed. We are so screwed. We are so screwed. We are so screwed. We are so screwed.)
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To: Jan_Sobieski

Everyone needs to answer this question.
How will the drug trade exist without cash?
Because drug use is illegal, transactions must be secret and anonymous. Anything digital can be tracked by the government.
Barter for drugs is impractical and use of precious metals is uncommon.
The drug trade trade depends on the end user. These people do not and cannot use sophisticated means of payment that avoids detection without cash.
Now if we see a move to legalise drugs, that is the drugs that bring in lots of profit, then the replacement of cash with digital currencies becomes more likely.
However, there are powerful forces in the government that depend on the drug trade. These include the courts, police state, prisons. And outside government such as money laundering banks.
Also keep in mind that the drug trade is largely in dollars so this supports the demand and therefore the price of dollars.


23 posted on 03/30/2024 1:44:51 PM PDT by grumpygresh (Civil disobedience by non-compliance; jury and state nullification.)
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To: bigbob

Magnetic ink is 30 years ago. That’s what’s on checks. Checks are dead.


24 posted on 03/30/2024 1:49:16 PM PDT by discostu (like a dog being shown a card trick)
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To: grumpygresh

Drug guys already use pay apps, venmo, paypal, etc etc. The signal to noise ratio on those things is enough to be anonymous even though it isn’t. Tons of people kick $20 to each other on those things, nobody knows if those $20 are for drugs, or movie tickets, or just because. Cash is already dead, even in the drug world.


25 posted on 03/30/2024 1:53:16 PM PDT by discostu (like a dog being shown a card trick)
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To: Lazamataz; discostu
Lazamataz :" By the way, I know exactly how they will force us off the dollar.
All they need to do is print a zillion of them.
Either you go to the new US Credit, or you stay with the US Dollar and lose your shirt."

The reason we have inflation is because they have already printed a zillion of them, already.
Supposedly, it is to curb money laundering, whereby our esteemed leader and his family,
has already demonstrated that currency can, and has already been easily laundered.
Take a lesson from NJ (D) Senator Menendez and invest in precious metals to escape the fallout value from inflation of currency.
Gold, silver, and palladium will always retain its value even during inflation; these are world-wide valuable commodities which also hold industrial value.
Also, note that the IRS wanted this year to have Venmo, Paypal, and other exchanges to issue 1099 forms for value in excess of $600.oo this year, so they could track it.
It will probably happen next year for 2025.

26 posted on 03/30/2024 3:38:48 PM PDT by Tilted Irish Kilt
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To: Jan_Sobieski; Paladin2; nopardons; Made In The USA; null and void; ClearCase_guy; PubliusMM; ...
Nobel Prize economist F.A. Hayek (author of The Road to Serfdom) had the right idea, decades ago. I read this great book in grad school.


27 posted on 03/30/2024 3:44:56 PM PDT by 4Liberty (My 2024 prediction: Biden will be 'eliminated' -- not Trump --and Deep State will suspend elections.)
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To: 4Liberty

https://en.wikipedia.org/wiki/The_Denationalization_of_Money


28 posted on 03/30/2024 3:49:16 PM PDT by 4Liberty (My 2024 prediction: Biden will be 'eliminated' -- not Trump --and Deep State will suspend elections.)
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To: Lazamataz

Which is exactly why the people in places like Venezuela have been buy into bitcoin. Yeah, it’s not backed by anything…but it’s saving those citizens from the government debasing their savings.

Not trying to start a debate on bitcoin per se…but people will let the government do whatever stupid stuff they want…up to a point. When they start screwing directly with paychecks…the people will find another way.


29 posted on 03/30/2024 4:02:19 PM PDT by Vermont Lt (Don’t vote for anyone over 70 years old. Get rid of the geriatric politicians.)
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To: 4Liberty

I have read Hayek’s “The Road to Serfdom”. But not this…thanks!


30 posted on 03/30/2024 5:41:04 PM PDT by Jan_Sobieski (Sanctification)
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To: Jan_Sobieski; Tilted Irish Kilt

Is it past time to stock up on standard ‘bartering’ items?

Whiskey.
Warm Socks.
Cigarettes & Cigars.
Bullets.
Canned Goods.
Powdered Milk.
Porn. (LOL!)


31 posted on 03/31/2024 6:35:11 AM PDT by Diana in Wisconsin (I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set. )
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To: discostu

Seems pretty risky for a dealer. An informant or stooge working with a phone and law enforcement could bag dozens of dealers fairly quickly. Transactions could be time stamped with dollar amounts equating to amount of drugs purchased.


32 posted on 03/31/2024 6:45:47 AM PDT by grumpygresh (Civil disobedience by non-compliance; jury and state nullification.)
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To: Jan_Sobieski

666

5.56mm


33 posted on 03/31/2024 6:51:15 AM PDT by M Kehoe (Quid Pro Joe and the Ho have got to go. )
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To: grumpygresh

That works just as easily with cash as venmo. Cops just need a camera. Which of course is why the corner system got invented, one guy takes the money, somebody else gives the drugs. Which works just as easily with the apps. Cash is dead. It’s been dead for decades. Just had a lot of momentum.


34 posted on 03/31/2024 6:59:34 AM PDT by discostu (like a dog being shown a card trick)
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To: Obadiah

It is not just the sticks—it could be the carrots as well.

Behave “properly” and you could get rewards.

We saw hints of this with the vaxx craziness.


35 posted on 03/31/2024 7:06:49 AM PDT by cgbg ("Our democracy" = Their Kleptocracy)
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To: Jan_Sobieski

CBDC, implemented the way that governments and one-Worlders want, is the key to Prison Planet - and THEY are not the prisoners.

I believe that some form of CBDC is, sadly, inevitable. As such, there appears to only be one way to combat it, which is to have assets in an alternate and uncontrollable (for them) digital format. That would be something like Bitcoin. From everything that I have read, the only way to have absolutely secure possession of your bitcoin, or any other cryptocurrency, is to have it on a “cold wallet.” Another layer of protection would be to have a requirement that two out of three, or three out of five, people give the appropriate code phrase in order to open that wallet and access the funds. Reduction of risk can be achieved by having multiple cold wallets, preferably in different physical locations. That way you always have access to at least some of your digital money.


36 posted on 03/31/2024 9:29:06 AM PDT by Ancesthntr (“The right to buy weapons is the right to be free.” ― A.E. Van Vogt, The Weapons Shops of Isher)
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