Cash had a pretty good run for 4,000 years or so. These days, though, notes and coins increasingly seem declasse: They're dirty anddangerous, unwieldy and expensive, antiquated and so very analog.Sensing this dissatisfaction, entrepreneurs have introduced hundreds of digital currencies in the past few years, of which bitcoin is only the most famous. Now governments want in: The People's Bank of China says it intends to issue a digital currency of its own. Central banks inEcuador, the Philippines, the U.K. and Canada are mulling similar ideas. At least one company has sprung up to help them along.
And this:
A digital legal tender could resolve this problem. Suppose the central bank charged the banks that deal with it a fee for accepting paper currency. In that way, it could set an exchange rate between electronic and paper money -- and by raising the fee, it would cause paper money to depreciate against the electronic standard. This would eliminate the incentive to hold cash rather than digital money, allowing the central bank to push the interest rate below zero and thereby boost consumption and investment. It would be a big step toward doing without cash altogether.
No, you friggen idiots. I am not going to fake it for the fools.
Cashless becomes pure cash, there is no way the central banker can do shit, except post a betting site for their particular currency, The bots, in a digital currency world, are the central bankers, they run the savings and loan site. Further, no humans allowed, no human tampering, no human can decode the transactions, sorry, but that makes pure cash. We are moving to pure cash.
What is Bloomberg really advocating?
They advocate a system in which the Swamp can take money from our accounts, at will, instantly without our knowledge. Sounds like another form of Obamacare, we an call it Obamacash. But I have news for Bloomberg, software engineers are much too smart for thaty lunacy.
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