Digital money is the most dangerous threat to liberty in history. When money is computerized, the individual can be instantly robbed of all of his purchasing power in a single keyboard entry ordered by tyrants.
In a digital system, you can be denied food purchases, rent, fuel and utilities and everything else you would want to buy. Even a computer glitch could leave you penniless and stranded.
Yes, they can tie everything you do to digital currency. They can cut you off if you don’t do as they say.
I thought inflation was bad, destroying the value of paper money. All while the Feds tax us to steal what we have.
With digital, the Big Guy can instantly take it all at once.
Government could also intentionally freeze your bank accounts right at tax time and then fine/arrest you when you don’t pay your taxes.
I agree 100%.
Electronic currency is dangerous and evil.
All those things you mentioned are spot on and most important.
There are also a few considerations of less importance to consider as well: if you have a digital currency, you can have a negative interest rate.
And if you have a negative interest rate, you would have to spend your money or lose it. So the government would use negative interest rates to force people to spend money when they want them to. (If I understand that correctly, and I admit might not)
Bears Repeating.
This.
Oh that’s coming. You bet on it. Need a welfare check? Plead allegiance to the LGBT God or starve. Heck, living on a pension? Say something online about sodom and gamorah? We will just tap the back that sends your deposit and shut off the spigot.
I reckon people will be using mexican pesos/cannuk dollars to continue using cash.
Currency only has value when both parties agree to its worth.
Brandeau already did this once.