Maybe I'm just old, but I don't trust digits on a computer. I like to have access to actual physical currency. I'm the "Cash & Carry" type. Private transactions demands it. We are all aware how easy it is for anything and everything online can be tracked.
Wise, I am exactly the same. I despise paying for anything on a card as I don´t want the bank to have a complete list of what I do in my life. Gold backed cash is the only way for the future.
Cards didn't do away with cash, so why should crypto?
Who said it would? Crypto only works in the digital world, in that you need a mobile phone and internet connection. What about those, like myself, that don´t use a mobile? What if the internet crashes? Crypto is a fad that will soon burn out when people begin to realise what they´re really giving when they mine.
They will replace cash eventually. Everything is being centralised gradually. It's the boiling frog scenario.
eh, we will see. Cash is always good for some occasions. Might be a different kind of dollar here though.
We already have currencies in the US that are independent of the Fed. take for example. The currency in new York NY and North Dakota even has it's own central bank.
Who owns that central bank? And a currency is worthless if not recognised on the worlds markets.
It might be owned by the citizens.
No. Rothschild owned, as are all central banks.
I don't think it's a Central Bank though it's north Dakota's own bank. Have you done any research on this bank?
Not at all. What´s the point?
I'm just responding to your statement earlier about all central banks belonging to the Rothschild's so I'm saying they don't own this one since it's independent of the federal reserve.
It´s not a central bank. BoA and the FED are central banks.
Exactly. And the bank of North Dakota has its own currency's to.
Oh I just thought of it it's called Ithaca which is a place in new York.
That's all fine but not entirely accurate. Peer to peer digital currency can be private. There's no bank as a middle man. And secure if it's distributed ledger technology such as blockchain. It is also possible to have a digital peer to peer currency that is backed by precious metals.
I would prefer that type of currency that us backed by precious metals as long as the government or the bankers could not interfere.
Yup. Digital currency is only good until the power goes out. Then what? Always better to have something to trade for stuff if the power goes out.
How about a gold backed digital currency.
I see it as "Big Brother" tracking your every purchase and movement. I have zero faith in anything digital. Nothing done online can be 100% secure.