As a Canadian citizen I’ve seen a pattern of cashless businesses and the majority of people who don’t carry cash. I thought of this as I see bitcoin and ethereum have gone up today. The problem with losing cash is everything will have a digital trail and could possibly be subjected to being tax. Example if you give the kid a cross the street cash for shoveling your driveway, that could be subjected to being taxed as that could be looked at as income. Also your currency is a symbol of your country. The know this is a down hill battle for cash but this is why I invest in cryptocurrency as if this becomes true then I can’t see this harming bitcoin and over forms of currency like bitcoin.
86 views
1 Comments
Phil @diversifiedfill · 42m
It also makes it easier to freeze all of your assets and money just like Justin Trudeau did to all of the trucker protesters in Canada. Even better than that, what China did during the Olympics was create digital money that has an expiry date. Meaning you had to spend it before it expires and then it suddenly goes poof! Gone! They can also just zero out the bank accounts for everybody who doesn't agree with the communist government propaganda.
See the full comment section 👀Sign up for the full Blossom experience!
