Money Talk

Cashless society

Submitted by crookiecookie, , Thread ID: 90180

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RE: Cashless society

OP
#5
@ Bassdrop and @ Starfola you couldnt be so wrong

crypto tech started in the ealy 80's by a mac called david chaum he was a cryptographer by the late 80's he had developed and released digi cash e-cash which was based on what we call cryptocurrency today what you have to remeber this was the first wave of crypto.

About the mid 90's a few people started to move into this niche as more and more people started working with this tech david had been working people developed it and then it got developed again a bit like eveloution it adapted, grew and changed.

Then late 2000 the blockchain and bitcoin was released main stream but it was all from the work david chaum was working on

you just have to take a look at the 1988 economist

https://www.google.com/search?q=the+econ...gUE9jeCqrM:

They anticipated crytptocurrency back then in 1988 notice how the paper cash is burnt up and the crypt / alt coin is the new currency if you think thats not a crypto thats up to you

Cash will be completly gone and digital cash will be the only currency this has been a dry run to see how society would adapt take use of this tech before mandatory use of it

this is why russia is currently transfering there whole banking system over to the blockchain.

This tech is a good thing because it will help combat counterfit money productions, people doing cash in hand work who do tax evasion because you mark my words eventually your bank account will be a crypto wallet which the banks and governing organisations will have access too as there will be eventualy wallets with multipull access intergrated into the wallets

And you most certainly will not be hosting the wallet on your own computer have you recently seen the size of bitcoin wallet data stored on your computer its around 150gb i think

Anyway i welcome the tech i just hope it stabalises and is not as easily manipulated so easy to cause dips and stay on course with inflation

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