4 Reasons Why Your Nation Will Kill Cash For A Digital CurrencysteemCreated with Sketch.

in #money8 years ago

 Yes, I’m talking to you. Yes, I’m talking about your country, whether it is Russia, China, or the United States. The more modern and advanced your economy, the faster it is coming your way. The discussions have been going on for a couple of years now on how to do it. The only question is when to spring it on the masses. If you are in a less than a state-of-the-art economy, like Pakistan or Guam, you probably have a lot more time left with the paper. Most of us aren’t so lucky.Cash has been on the clock in the most advanced nations for years, with central banks limiting how much cash you can get, even from your own account. Limits have been dropping to as low as 5000 units of paper in some nations, and even then you will have to surrender your ID or go through some level of interrogation. The future of money does not include paper, and here are four reasons why digital currencies will become your official national currency.

Reason #1 - The best way to control a nation is to control its money supply 

Reason #2 - Take advantage of Bitcoin’s technology before it goes viral 

Reason #3 - More Practical Reasons 

Reason #4 - Their economic model has failed ”This is OUR new system. Get used to it, because it is now the ONLY game in town!” https://cointelegraph.com/news/4-reasons-why-your-nation-will-kill-cash-for-a-digital-currency

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What you are describing would be the RFID chip implanted in your hand. The mark of the beast. That will be the goal of ALL governments. They will even wipe away your debts and add credit to your chip just to get you in.

I disagree with you in one point. Crypto currencies do not respect national borders, so there will possibly be an international currency but no national.

Very well could be true@sergey44 but with this thought as I had seen the other day only for reference from youtube that also made true sense. Money needs you and the real truth is this was more clearer than the way we all see or value money speaking for my self even I had always looked at money as I need money but after seeing this on you tube I have turned a new leaf on life and totally agree that money needs us and Crypt-o for now is a addition that will too need money.

Хорошие слова знаешь! Услышали бы их там наверху. Не киты в смысле )хотя тоже не помешает) а на самом-самом верху))

I think the main problem with digital currencies from a government's point of view is lack of control. If I can mine, and you can mine? The government loses all control of the supply. If only the country can mine it, then it's really no different than paper money, is it?

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