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The Digital Currency of the Future

The Digital Currency of the Future
"""Government tax collectors would prefer only electronic or digital money - it's easier to control and easier to keep taxpayers honest - but are those gains worth the drawbacks? I mean what's wrong with cash - you can spend it anywhere, you can pay your babysitter, you can go to a garage sale, you can stop at a lemonade stand, all of which are part of our underground economy by using cash; some people even use it to pay for their babysitter.

Let's talk about whether it makes sense to get rid of the money that permits illegal transactions, shut down the entire underground economy, and whether or not that will improve or worsen our society and civilization. There are also the illegal things, no one uses digital money because it leaves a trace, so you cannot use it to buy things you are not allowed to buy or that someone else is not allowed to sell.

Yes, a digital currency would be similar to regular currency, and really, we are almost there already anyway. If we go to """"digital units"""" and change the paradigm to cover the needs of people who contribute but are not rewarded fairly now, then we will get more of what we reward, as is the famous axiom. A technocrat would enjoy this conversation and the idea of micro-managing the exact worth of every job, but technocrats are not so good at considering their own created.

Let me explain; you see, if I make hammers and you need one, but you only have cattle, then you cannot cut off your cow's tail to buy my hammer, so instead you give me $11, and you can sell your cow in the future for $1100 and give me the one-percent of it so you can build a new barn.

I respectfully disagree with those who feel that money, whether digital or otherwise, is the source of all evil, but please take all of this and ponder on it, as this topic does have an impact on your life. Money and currency are nothing more than units of exchange, which is why they exist.""" - https://www.affordablecebu.com/

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"The Digital Currency of the Future" was written by Mary under the Business category. It has been read 69 times and generated 0 comments. The article was created on and updated on 17 November 2022.
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