What does a cashless future mean? | The Economist

[Mujahid Ali Awan]

 

[taban]

Cashless future means man kinds's neck in the hand of GOVT. How you earn and how you expend and what you eat, they will know everything total DAJALI nizam, the end of freedom.

 

[naeemo]

Cashless future means man kinds's neck in the hand of GOVT. How you earn and how you expend and what you eat, they will know everything total DAJALI nizam, the end of freedom.

Dear es Dajali ka kia kam. Technology is used in the world to minimise corruption. Scandinavian and other developed countries already using technology and they worked successfully. Ab ya patwario waly kam choro. Dunya tazee say badal rahe hain.

 

[Iconoclast]

Cashless future means man kinds's neck in the hand of GOVT. How you earn and how you expend and what you eat, they will know everything total DAJALI nizam, the end of freedom.

The current system of FIAT is a "Dajali" system. Where a currency is backed by the word of the 1% that controls 99% of the wealth printing money like there is no tomorrow. Crypto is freedom, pure freedom and control of your funds.
Remember when US forced all banks and creditcard systems including paypal to stop processing donations to WIKILeaks organization? Now that's dajjali system for you and that was the reason Satoshi sat down to invent blockchain and crypto currency. So that you can send your funds to anywhere you want.
Pakistan is losing the ground offered by crypto and a new chance to a new beginning by keeping a ban on bitcoin.1 billion worth of bitcoin in january would have been worth more than 3.9 it's current price and that's not even bitcoisn 10% potential. With it's capped supply it's bound to hit 1 million usd a btc pretty soon.
Pakistan could have earned billions by opening up a cryptoexchange or allowed it devs to do it.
But alas! we live in a stone age and anything new and unfamiliar seems dajali to us.
Peace!

 

[taban]

Dear es Dajali ka kia kam. Technology is used in the world to minimise corruption. Scandinavian and other developed countries already using technology and they worked successfully. Ab ya patwario waly kam choro. Dunya tazee say badal rahe hain.

اوہ پھائی میں پٹواری نہیں ہوں مجھے پتہ ہے دنیا تیزی سے بدل رہی ہے میں صرف اس کے مضمرات بیان کر رہا تھا کہ کیسے ایک عام آدمی کو کنٹرول کیا جائے گا یہ ایک پرسنٹ والوں کی دنیا ہے چاہے سکینڈے نیویا ہو یا امریکہ- بہر حال جو بھی ہوگا کونسا ہمارے چاہنے سے نہ ہوگا

 

[taban]

The current system of FIAT is a "Dajali" system. Where a currency is backed by the word of the 1% that controls 99% of the wealth printing money like there is no tomorrow. Crypto is freedom, pure freedom and control of your funds.
Remember when US forced all banks and creditcard systems including paypal to stop processing donations to WIKILeaks organization? Now that's dajjali system for you and that was the reason Satoshi sat down to invent blockchain and crypto currency. So that you can send your funds to anywhere you want.
Pakistan is losing the ground offered by crypto and a new chance to a new beginning by keeping a ban on bitcoin.1 billion worth of bitcoin in january would have been worth more than 3.9 it's current price and that's not even bitcoisn 10% potential. With it's capped supply it's bound to hit 1 million usd a btc pretty soon.
Pakistan could have earned billions by opening up a cryptoexchange or allowed it devs to do it.
But alas! we live in a stone age and anything new and unfamiliar seems dajali to us.
Peace!

Thanks for the sensible reply...

 

[PIND-WALA]

The current system of FIAT is a "Dajali" system. Where a currency is backed by the word of the 1% that controls 99% of the wealth printing money like there is no tomorrow. Crypto is freedom, pure freedom and control of your funds.
Remember when US forced all banks and creditcard systems including paypal to stop processing donations to WIKILeaks organization? Now that's dajjali system for you and that was the reason Satoshi sat down to invent blockchain and crypto currency. So that you can send your funds to anywhere you want.
Pakistan is losing the ground offered by crypto and a new chance to a new beginning by keeping a ban on bitcoin.1 billion worth of bitcoin in january would have been worth more than 3.9 it's current price and that's not even bitcoisn 10% potential. With it's capped supply it's bound to hit 1 million usd a btc pretty soon.
Pakistan could have earned billions by opening up a cryptoexchange or allowed it devs to do it.
But alas! we live in a stone age and anything new and unfamiliar seems dajali to us.
Peace!

I think bitcoin will not get the legitimacy and govt approval exactly for that reason, that govt cant control it. In addition, more crypto brings the issue of taxation and govts around the world will have difficulty to implement so its a very bumpy uncertain road for crypto.

 

[Iconoclast]

I think bitcoin will not get the legitimacy and govt approval exactly for that reason, that govt cant control it. In addition, more crypto brings the issue of taxation and govts around the world will have difficulty to implement so its a very bumpy uncertain road for crypto.

It already has attained legetimacy with it's futures in place and BAKT futures coming soon (September 21) Portugal has made bitcoin tax free. In france it's become tax free as long as you keep it in bitcoin and transact in bitcoin (still have to pay sales tax). EU has it legalized, so has China, Japan, South Korea, US (Almost all states).
Iran has just exempted bitcoin miners from tax as long as they store them on local machines or something like that.
Even Islamic institutes has it as a legal store of value.
There are no bumps ahead other than clueless governments like ours when they could have potentially made billions.
One gov recently paid IMF a loan installment in Bitcoin.
Most money laundering is done in FIAT.

Fiat Money Outpaces Bitcoin 800:1 for Money Laundering: Report

Research by Messari revealed that for every dollar used on the dark web in bitcoin, $800 is laundered in cash.

www.ccn.com

PS the cat is already out of the bag, There is no way to kill bitcoin now. I got some btc from a client when it was around 750 and I still hold most of them. I'd love to declare them in Pakistan and if they want, store them in Pakistan or half of it in any currency they want but oh no, btc is a monster. I don't know what will happen if I have to convert it to USD and transfer it to Pakistan. Even if I give them my transaction id, my correspondence with my client, proof of exchange through which I'd convert them and transfer to a bank account, they'd still give me shit.
So yeah Pakistan can ban it all they want, I can still use my btc.