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To: Lorianne

Other than for data collection purposes, digital money is no different from paper money. The category is Fiat Money and both forms are firmly in that category. Digital-only money just gives the government total control of the population.A federal agency or a clerk can disallow a purchase at any level of make a purchase for a citizen without authorization or simply confiscate funds or forbid their use.


4 posted on 01/13/2017 9:46:16 AM PST by arthurus
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To: arthurus

Although it is “digital money”, bitcoin and other cryptocurrencies are not backed or controlled by a state.


11 posted on 01/13/2017 9:59:07 AM PST by oblomov (We have passed the point where "law," properly speaking, has any further application. - C. Thomas)
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