Quote:
Posted by
TrumanCash
Article I, Section 10 of the US Constitution has not been changed: "No State shall make any Thing but gold and silver Coin a Tender in Payment of Debts."
The context was the original 13 colonies each had their own form of
cash and coin different from the others. In order to unify, one of the requirements was a single form of cash and coin.
Notwithstanding, as soon as there is an electricity problem, these digital currencies are [albeit temporarily] worthless. People will want to conduct transactions at any time especially when energy is such a touchy subject in the modern era.
Cash is king and it isn't going away [people will demand it]. Countries formerly backing their currency with gold simply back it now by existing. A country's continuity has some value here, even for a young country like america.
They track everything except small amounts of cash. When I was in sales, if someone paid with $1o k or more, it was reported by the company to the feds. [Mostly because of drug money potential.] Do you [anyone] realise how much business is conducted in cash? How convenient it is for your wife to collect $6o from your small business register for a quick run to the grocery store in the middle of the afternoon? How often small businesses make runs to the bank with cash?
I do not think there is any need to worry. Digital is a fad, extremely volatile, and unreliable. The poor relish cash. Those on social welfare in various countries rely on cash weekly. It will not only be those that are not tech-savvy that will resist these options as becoming some sort of national standards. It is not just small business, there are many reasons for cash to persevere like flea markets, yard sales, selling your own vehicles without dealers involved, giving to the poor or homeless - many reasons, including criminals relying on cash and the puppets that keep them in business.
Cash isn't going anywhere any time soon. Consider how many different options of digital currency there are already. If it were a one world government conspiracy; wouldn't there be only one digital currency? The one world theory would not appreciate competition and neither do governments at present.
Cash isn't going away in america and I see many cash transactions here in the Emerald Isle. Cash isn't going away in Europe. Recently, a bank in Ireland tried to limit cash transactions at around a 1/3 of it's brick and mortar banks and the public damn near had a fit. Within a few days, the decision was walked back.
People will respond, perhaps at the last minute, but they will.