Thats not a cashless society that's a destroyed fiat. If they make the transfer to digital currency paper and coin currency will have a deflationary increase over time as a barter tool between people. So I would hold a bit of cash. Not all, but a bit.
Thats not a cashless society that's a destroyed fiat. If they make the transfer to digital currency paper and coin currency will have a deflationary increase over time as a barter tool between people. So I would hold a bit of cash. Not all, but a bit.
And how do you think they're going to convince people to move over to a cashless society? That's right, they're going to destroy the value of fiat so you have no choice.
And how do you think they're going to convince people to move over to a cashless society? That's right, they're going to destroy the value of fiat so you have no choice.
Possibly. I think they are going to degrade it as they have been to gather real asset like land etc then "save" everyone with the digital controlled currency. After that people will be asked to turn in currency for digital. Then cash becomes scarce and becomes a black market barter item with stable value
Possibly. I think they are going to degrade it as they have been to gather real asset like land etc then "save" everyone with the digital controlled currency. After that people will be asked to turn in currency for digital. Then cash becomes scarce and becomes a black market barter item with stable value
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