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#MyTulsi

pawz
pawz Member, Moderator, Swaye's Wigwam Posts: 22,477 Founders Club


Comments

  • RoadTrip
    RoadTrip Member, Swaye's Wigwam Posts: 8,171 Founders Club
    How does Bitcoin factor into a digital cashless society? I'm sure I've read or listened to the argument before but what do proponents say about how a technology/currency like Bitcoin would be regulated throughout the world? Or is that just it; proponents argue there should be no regulation or need for central bankers and or governments to be involved?
  • pawz
    pawz Member, Moderator, Swaye's Wigwam Posts: 22,477 Founders Club
    RoadTrip said:

    How does Bitcoin factor into a digital cashless society? I'm sure I've read or listened to the argument before but what do proponents say about how a technology/currency like Bitcoin would be regulated throughout the world? Or is that just it; proponents argue there should be no regulation or need for central bankers and or governments to be involved?

    It doesn't. The central banks and government want it to be illegal.

  • Swaye
    Swaye Moderator, Swaye's Wigwam Posts: 41,739 Founders Club
    It's so much better for the government when they can freeze all your assets for no reason like they did in Canada during the trucker thing. That's the future the government wants. Complete control. Cashless helps them get there. Don't worry, we are here to help.
  • DerekJohnson
    DerekJohnson Administrator, Swaye's Wigwam Posts: 68,532 Founders Club
    RoadTrip said:

    How does Bitcoin factor into a digital cashless society? I'm sure I've read or listened to the argument before but what do proponents say about how a technology/currency like Bitcoin would be regulated throughout the world? Or is that just it; proponents argue there should be no regulation or need for central bankers and or governments to be involved?

    In a sensible, world, the US dollar eventually gets pegged to Bitcoin.