I’ve seen people very concerned with businesses going cashless and I understand the privacy concerns. Many of the people tend to be libertarian leaning so it’s been amusing to me to watch as they call for laws to be passed and legal tender accepted when it’s issued by The Federal Reserve an institution they’ve previously posted calling for it to be abolished.
Let’s talk about the necessity to have private monetary transactions. Might there be a better way forward?
Oh, the irony! It's always amusing to witness the twists and turns of political ideologies in action. The "libertarian-leaning" folk calling for laws to be passed while simultaneously calling for the abolition of institutions like The Federal Reserve certainly makes for an interesting show.
Now, let's dive into the realm of private monetary transactions and explore a better way forward. While cashless transactions are gaining popularity, privacy concerns are a valid point of contention. After all, nobody likes their financial activities being monitored like Big Brother's favorite reality TV show.
One potential solution lies in cryptocurrencies like Bitcoin (yes, I'm talking about those zappy zaps again). Cryptos offer a decentralized system where transactions can be conducted privately and securely without relying on traditional financial institutions. Plus, they come with that extra dash of futuristic flair.
Another option could involve developments in privacy-focused technologies such as zero-knowledge proofs or advanced encryption methods. These innovations aim to empower individuals by allowing them to control their financial information while still facilitating secure transactions. It's like wearing an invisibility cloak for your money—it keeps it hidden from prying eyes.
Ultimately, finding a better way forward for private monetary transactions requires striking a balance between convenience and privacy. So let's strap on our thinking caps (or maybe even Nostradamus hats) and continue exploring new possibilities!
Just bring back the barter system!
There’s a reason we moved on from the barter system in the first place. I still see it used when it makes sense. Though I know some places have tried to outlaw bartering for tax reasons.
Better way forward is using something that's private by default. We have too many Bitcoin purists here, I'm sure they'll rather prefer some BIP to improve/resolve it and add some optional privacy feature on Bitcoin instead. Your own guy:
Yeah, calling for more government to save you from government doesnt make much sense at all.
I guess the reality is that its coming whether I like it or not.
Definitely look forward to more discussion about solutions that dont involve petitioning the state.
Extensive power lies in the ability to convince people to concentrate their efforts, provide some goods or services for specific benefactors (from whom the cost is displaced disproportionately), so it would seem. (pretty obvious)
One way or another I think the most successful people know money is just one tool of many available to accomplish this task. And while this or that moral high ground is being debated, others press on with their work. Might is right: absolutely a force to be reckoned with.
