4 ms·
I'm not saying fiat's value will decrease any more than normal, if that's what you're thinking. I'm saying clampdowns on physical cash (such as https://en.wikip
by zenlikethat 5y ago
I'm not saying fiat's value will decrease any more than normal, if that's what you're thinking. I'm saying clampdowns on physical cash (such as https://en.wikipedia.org/wiki/2016_Indian_banknote_demonetisation https://en.wikipedia.org/wiki/2016_Indian_banknote_demonetis...) will continue, and maybe even ramp up.
You don't think governments want to reduce and ultimately eliminate the use of physical cash with moves like this >$10K reporting threshold proposal, or India banning bills of large denominations, trying to implement a world corporate tax code, etc.?
- preseinger 5y agoAh, I misunderstood your intent. I understand where you're coming from and I agree that governments are incentivized to minimize cash transactions. Still, cash is fundamental to the notion of currency and I don't agree that it will ever go away completely.