that's what I was thinking. so many people get by in life just by doing odd jobs helping a friend move and getting paid in $20 cash, etc. cash just makes it easier.
In a country like America, if you announced a no cash based system, I would be very surprised if you don't get voted out of office in a recall and replaced with someone who is for cash in the next cycle.
It would be political suicide. lol and it wouldn't change anything because it would get reversed in 4 years. so yeah, nothing to worry about there.
I agree with the sentiment, but most people believe crypto \ blockchain is somehow inherently anonymous.
Very few people realize that blockchain, the underlying tech, is in fact a database that forever keeps track of all transactions. That simple fact would probably scare people off, but how many even know that? Moreover, by being a distributed database it's persistent forever, you can't go blow up a server somewhere and wipe those transactions out.
But there's nothing about blockchain that enhances anonymity and secrecy - it's just the opposite. The only thing keeping anyone anonymous is not being connected to their wallet. Once you're connected to that wallet, everything is laid bare.
well yes but that is one thing that aint gonna happen.. cash or the ability to spend your own money freely is the main thing they want to get rid off..
trog
ps.. its all tied in with negative interest rates they need to lock your money into the banking system.. being able to withdraw "cash" kind of buggers this up..
the odd thing is the people crying for more government control dont quite realize what they are actually crying for.. he he
There are (false) points on this that people will buy into on both sides of the political spectrum.
It will help them stop crime, kinda hard to be criminal selling meth or some such when paying for that big shipment requires a completely trackable transaction. Steal something like say a car, part it out and go sell the parts? Well, here's the IRS asking what all these little deposits from random people are.
Now, rich people hiding their money or not paying taxes - that's gonna be hard too.
So on the one hand you can say you'll catch all the evil criminals. On the other hand you can say you'll tax all the evil rich. In reality it'll be as
@lynx29 said, the guy doing work on the side mowing someone's lawn for an extra 30 bucks or fixing someone's hot water heater for 100 bucks are the ones that'll take the hit - not to mention the people paying them. No, you'll need to either figure out how to do it yourself or pay a big company to do it for you.
Oh, wait, did you buy a hot water heater and install it yourself?
Did you get a permit for that? ... .... .....
