Cashless society ( pros and cons)

[Deleted member 18243]

More wild conspiracy theories. Do you not think that even if that was to be implemented, that there is no way to bypass it?

Conspiracy theories they may be, but it's what happens in China, and where China leads we follow. (It used to be "where America leads we follow" but our politicians are in thrall of China now).

The worst case scenario with digital money is that the authorities could simply cancel your money. Laugh, but this has happened in many countries throughout history. A hard line communist regime could allow you an amount of money every week and if you don't spend it you lose it. Start afresh the next week; no saving allowed!

Our country is unique in world history, we are the most free people that have ever lived. You are voting to throw this away, stop voting for the same thing over and over!

 

[Deleted member 18243]

Who should we have voted for to stop "this stuff" happening?

That's the only interesting question you pose Captain N. (All the others are socialist boilerplate).

There are only two parties to vote for, and both of them are anti-British. Democracy is finished in this country, something else is needed.

 

[IT Minion]

The worst case scenario with digital money is that the authorities could simply cancel your money. Laugh, but this has happened in many countries throughout history.

Hang on, how many countries have cancelled their digital money? I know it's happened loads of times with paper money and precious metals, and tulips, but digital currency?

 

[JohnD]

Hang on, how many countries have cancelled their digital money?

what do you mean by "their" digital money?

Bitcoin and similar are not guaranteed by any national government. If it goes down the pan nobody will reimburse you or support the exchange rate.

China has rendered some crypto transactions illegal, so you can expect a wedge of activity by Chinese residents supporting it to disappear.

"Last month, the People’s Bank of China and nine other agencies, including the public security bureau, made all cryptocurrency transactions illegal.

Major exchanges where investors buy and sell digital currencies began to cut ties with their Chinese users. This continued a campaign started earlier this year, where Chinese authorities shut down the country’s power-hungry computer farms where bitcoin are mined.

It is a significant U-turn for a country that, five years ago, accounted for 90 per cent of the world’s bitcoin trade.

Until this spring, almost half of the world’s bitcoin was mined by computer farms in China, while digital wallets in the country received $150bn worth of cryptocurrency in the first half of the year, second only to the US, according to data provider Chainalysis.

The crackdown in China pits the unlimited power of an authoritarian government against a key selling point of cryptocurrencies — that the decentralised networks of computers that run digital currencies put them beyond the control of any central authority."

FT.com

 

[IT Minion]

what do you mean by "their" digital money?

Yes, Andy's rant about how digital currency will destroy everything is based on what has happened with physical currency time and time again.

As you point out, Bitcoin and other cryptographic currencies are probably more resistant.

 

[johnny2007]

johnny2007 said: ↑
if you buy chinese shyt instead of british made products.
It's cheap, innit!
It's a fact that British industry is dying because it's been sold to china.
Go out of your cell and look around you, no more factories.

Why dont you look around my posts here and show me the one(s) where Ive denied that?

You asked for evidence, remember?
Now you're implying that it could be true.
Unless not denying it means something else in your world.

 

[JohnD]

As you point out, Bitcoin and other cryptographic currencies are probably more resistant.

that, of course, is not what I said.

 

[fillyboy]

Are you actually reading or paying attention to anything I write?

Does anyone?

 

[Mottie]

For pitys sake - are you doing this on purpose?



It makes a big difference to andy11.



It matters so much to him that he has developed some truly bizarre ideas about it..















Why dont you look around my posts here and show me the one(s) where Ive denied that?

What I did, as I have already explained to you (why did you ignore that, BTW?) was to ask andy a question.

Given his aversion to communism I asked him if he thought that the sort of powers a government would have to have to be able to forbid privately owned commercial companies from having things made abroad, or buying things from abroad, would be characteristic of a capitalist government, or a communist one.

Are you familiar with rule #11 of this site?

 

[noseall]

It's a fact that British industry is dying because it's been sold to china.

Jeezus, what cave have you just exited? China are late to the party boyo. Britain and her industries have been international fashionable financial rape victims since Thatchers' eighties.

 

[AngleEyes]

Are you familiar with rule #11 of this site?

I'm not sure if that's tactic number 7 (irrelevant nonsense), or number 10, (talking gibberish).

 

[johnny2007]

And youll find a post where I asked for evidence of this:where, exactly?


And youll find a post where I implied that this:wasnt true where, exactly?

Are you actually reading or paying attention to anything I write?

There we go.
Muddling waters again.
Leave the thesaurus on the dust collector shelf, you sound like Joey Tribbiani...

 

[johnny2007]

I'm not sure if that's tactic number 7 (irrelevant nonsense), or number 10, (talking gibberish).

Eeermm...
Wrong account???

 

[AngleEyes]

Eeermm...
Wrong account???

That is without doubt tactic number 10, talking gibberish.

 

[johnny2007]

That is without doubt tactic number 10, talking gibberish.

As you say, Captain.