If you didn't buy Bitcoin at $40,000...

[starkind]

Originally Posted by MrSparkle001 [You must be logged in to view images. Log in or Register.]

I feel like I'm already paid in digital currency. I get numbers added to my bank account and I use those numbers with debit and credit cards. I pay my bills all electronically and only ever use paper money when buying gas right now because with credit it costs even more. I can't even remember the last time I held a coin, and I'm being serious.

I know it's not the same thing as crypto but the currency I'm paid in is backed by the federal government, and my bank account is secured. In my remaining lifetime I don't anticipate a collapse of the dollar so I'm fine with it. Bitcoin had a meteoric rise and for some governments it's better to use it than their own currency. Shithole countries are starting that but the big countries like the U.S. and China are working to either limit crypto, regulate it or maybe start their own regulated crypto.

It's also nowhere near as safe and secure as people think. Just look at how much of it has been seized by the U.S. government.

Yabutt. Technically that money exists somewhere... in circulation. We need to actually get rid of that element.

You don't even need to own a device. Just have the government centrally track it and store the bits. You sign in and authenticate securely. With 3 factor authentication if you need more security because you're a normie billionaire after inflation.

BTW this is how you get 1 trillion ppl doing stuffs in your countries themepark of an economy. Efficiently.

I already covered the downside of centralization.

Maybe let ppl cash their bits out to their own devices.

It's always been seashells.

Countries no longer have their money backed by like real stuff like gold and paper money is a trashy fuel source.

At least most of the EU backs it's fiat with mostly decent socialized medicine and nukes which is way more valuable than oil, plastic, or gold. Oh and mental health care for the homeless and obese.