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There is no doubt in my mind that the elimination of paper money is in our future. There are numerous articles about central banks developing their own digital
by ne0flex 5y ago
There is no doubt in my mind that the elimination of paper money is in our future. There are numerous articles about central banks developing their own digital currencies. Once that happens, say goodbye to any type of financial privacy or autonomy. I'm willing to bet that during times of economic slowdown, similar to China [1], the US gov't will put expiry dates on the dollars in your savings account in order to stimulate the economy, and people will defend that decision.
[1]:https://bfsi.economictimes.indiatimes.com/news/policy/digital-currency-yuan-comes-with-an-expiry-date-spend-or-it-will-vanish/82059471 https://bfsi.economictimes.indiatimes.com/news/policy/digita...