According to the article I read cash payments are only used in 14% of transactions, down from 42% in 2010. Idk how accurate that is since a lot of cash payments are off the books. But I think cash use at businesses and stores will be dead in the next 3-5 years. Peer to peer cash payments will last for a while.

Daily News Thread v.3.0.

Stories I find interesting. No links, no commentary, just headlines - DYOR.

1) Coinbase, Circle Internet Financial, Paxos Trust Co, and Galaxy Digital Holdings ditch Silvergate

2) Economic Data from US, China, Europe shows strong vitality, complicating the job of Central Bankers

3) Declining Number of ATMs shows slow transition to cashless society

4) Audit of Covid Aid to schools shows millions misspent

5) Office of Congressional Ethics release report saying there is a substantial reason to believe AOC received “impermissible gifts” in connection to Met Gala attendance last year

6) Man lost at sea for 24 days survived on nothing but ketchup, seasoning, and dirty water

Yeah, and I understand that there needs to be trust for this but my concern is bigger than just trust. Since those controlling the mints are technically in custody of and issuing money, they are going to owe certain duties to their users, and will also have to go through a registration process in the US (sorry ancaps, but that’s reality right now). Because of this, it will be very difficult for average people to just start their own mint without legal implications. It will be businesses & corporations that start the mints which means more centralization, and then all of a sudden we’re just back at big “banks” controlling our money supply again. Then as soon as one of them gets caught with fraud, fractional reserves or the like, the govt decides they need to regulate it harder and we’re essentially back to a central bank.

I have A LOT of concerns about fedimint. Centralization, fractional reserves, regulatory hurdles (mints will definitely owe fiduciary duties), etc.

Someone clear up my concerns please.

She got smoked, Chicago waking up

#[0]​ just made my day 🙉

Thanks for the big zap ⚡️

Me promoting bsv friends ?

Hahaha no feckin way

Shout out #[0] & #[1]

Meat Boiz going in on bulk orders 🤠

Thanks for the invite :/

Grabbed some coffee with Chicago Bitcoiners this morning

Bullish

Wish has been made ! Wify and mother knows what son needs 🥰 Steak 🌡️ and of course MK4 ⚡️