northdude wrote:Yep you will be controlled by someone else as far as what you can/ are allowed to buy goes. Sorry your card has declined
Lazarus wrote:They can have my cash when they can pry it from my cold dead hand
on_one_wheel wrote:I can't see it happening in my lifetime.
The technology is there but it isn't reliable enough to do away with cash, especially outside our cities, there needs to be a way to pay in the absence of connectivity.
It might work small countries the size of a postage stamp but not here in Australia.
Also, speak with anyone who's experienced a run on banks and ask them if they trust a digital only wealth storage after they've been turned away without their money.
Besides, where's the joy of sitting a bank card on the railway tracks? ... making wishes in the well or fountain ? How's the tooth fairy pay ? Tossing a coin or two to a busker, donation tins,
We need coins for that too.
It won't happen
S O K A R wrote:Lazarus wrote:They can have my cash when they can pry it from my cold dead hand
Whilst that might sound good, there will come a time when cash is no longer considered legal tender & any cash anyone has hidden will become useless
I don't know if it will ever come to pass, but something else they can do with cbdc is give it an expiry. So if you don't spend it by a certain date you lose it, I don't think that will happen but I wouldn't be surprised if it did....
Lazarus wrote:on_one_wheel wrote:I can't see it happening in my lifetime.
The technology is there but it isn't reliable enough to do away with cash, especially outside our cities, there needs to be a way to pay in the absence of connectivity.
It might work small countries the size of a postage stamp but not here in Australia.
Also, speak with anyone who's experienced a run on banks and ask them if they trust a digital only wealth storage after they've been turned away without their money.
Besides, where's the joy of sitting a bank card on the railway tracks? ... making wishes in the well or fountain ? How's the tooth fairy pay ? Tossing a coin or two to a busker, donation tins,
We need coins for that too.
It won't happen
Also, how would our fearless leaders get their under the table kickbacks?
Lazarus wrote:on_one_wheel wrote:I can't see it happening in my lifetime.
The technology is there but it isn't reliable enough to do away with cash, especially outside our cities, there needs to be a way to pay in the absence of connectivity.
It might work small countries the size of a postage stamp but not here in Australia.
Also, speak with anyone who's experienced a run on banks and ask them if they trust a digital only wealth storage after they've been turned away without their money.
Besides, where's the joy of sitting a bank card on the railway tracks? ... making wishes in the well or fountain ? How's the tooth fairy pay ? Tossing a coin or two to a busker, donation tins,
We need coins for that too.
It won't happen
Also, how would our fearless leaders get their under the table kickbacks?
bradley33 wrote:its the age old dilemma with non valuable currency, a crazy king can devalue coins to the value of the tin or copper. With gold or silver in the coins, the King, his lunatic kid, or the conqueror can say whatever he wants but you still have some precious metal in your pocket.
bradley33 wrote:wonder how the drug trade will work with digital currency. All those kids popping pills and smoking weed, pretty big numbers. I dont think bartering garden vegetables for a bag of pills is going to work .And the guys up the chain can only use so many stolen TV's and bikes.