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[–] • 0 pt

Bitcoin.

I was thinking about this the other day.

Conservative's and their means for making money through payment processors has been hindered heavily, many are forced to use crypto-currency as a means for payment. When Bitcoin is over-valued, like it is, you have vendors losing money on product being sold.

ie: A tesla is being sold $96k, bitcoin is the form accepted as payment. Bitcoin being valued today @ $48,000 would require the payment of 2 Bitcoins for that 1 tesla purchase. Buyer accepts and transfers 2 bitcoins to Tesla's holding account.

Now fast forward to December 2021, Tesla has aggragated 1,000's of bitcoins into this 1 account, liquidating them as needed, but then bitcoin prices drop HARD in 2 day's time the value goes from $48,000 to $17,000, all those coins Tesla accepted are now valued at below what it cost to make the Teslas. The end.

[–] • 0 pt

We are on the very edge of digital currencies. Additionally, there is a QFS (Quantum Financial System) being implemented. It tracks all monetary transactions from start to end, Did you notice that the Federal Reserve had a problem last Wednesday?

[–] • 0 pt

If it all goes digital, some people will go back to bartering. I believe others will use gold/silver.

[–] [deleted] • 0 pt

OP i have a question about these digital currencies..

Those that are Fiscally Incompetent ( can't handle money due to disabilities ) We are not allowed to have a CC by law.

We are not allowed a bank account WE HAVE access to, These Digital currencies violate that as i see it.

I never heard anything on this and was hoping you have. If anyone else knows i would love to hear

[–] [deleted] • 0 pt (edited )

You make a good point. I know of a woman, brain-damaged by hit-and-run when young, who can barely handle cash. Kind of like the maiden aunt, who earns her keep by cleaning and cooking. Can never live alone. Able to read, but logic escapes her, and math is just about non-existant.

I have heard, from one of the usual suspects (Juan, C Ward, Simon, etc.) that cash will still be available. Of course, that depends on several factors to work. I.E., the steps along the way must be agreeable, store, banks, etc. Sorry I have no source for this. And who can we believe, after all? I guess it's just wait and see. You won't be the only one who cares about this, so I guess we hope for the best, hmm?

Have another friend who takes cash from her check, and when the cash is gone, she stops shopping until she gets her next check. Budgeting at it's best. As she's now retired, I did suggest she get a debit card for safety. Esp. when some stores stopped taking cash last year.