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CrazyRussian 2 points ago +3 / -1

Are you time travelled from some distant past?

Banks enslaved most people to digital currency long ago, with all that fancy and comfortable credit cards, remote payments and so on and when most people buy that, banks put all money transfers under the total control.

Your ability to use cash as last resort is already highly limited. You can't freely operate with more or less significant sum of cash.

There is nothing left to promote already. You are already enslaved, right after you agreed with bank to completely surrender your financial privacy in exchange to some questionable comfort.

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Zap_Powerz 1 point ago +2 / -1

so what do we do?

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Blackbeans 2 points ago +2 / -0

Diversify into part silver, part crypto currency. The crypto currency discussion can be a lengthy one though. Some speculate xrp might be tied to cbdc. Or focus on privacy coins. Some can be mined. I don't hold any privacy coins at the moment and more interested in following the institutional money.

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Afks 1 point ago +1 / -0

Any news on xrp?

Dumped in on it about a week ago and planning on a bit more but wanted to do some more research first

I understand it’s not FA and I’m just curious what your thoughts are on the potential ties to central bank digital currency

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Blackbeans 2 points ago +2 / -0

This guy has a good update on recent events. No one really knows what's going on but xrp is definitely moving forward. https://youtu.be/0ohTqBINJwE

Also interesting but maybe nothing, just a few weeks ago, if you typed in "world reserve currency" in google, xrp came out top and center. Seems they changed it though.

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CrazyRussian 1 point ago +1 / -0

Think.

We need some mean of exchange, that could not be controlled by authorities by design, and have no flaws of presious metals, cash, banks and crypto.

I think that locally some kind of computer assisted multibarter system could be established. As for something global - I don't know, but there should be solution. May be some kind of blockchainless digital currency, or something completely different.

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BlackDay2020 1 point ago +1 / -0

I think that locally some kind of computer assisted multibarter system could be established. As for something global - I don't know, but there should be solution. May be some kind of blockchainless digital currency, or something completely different.

You've just described cryptocurrency in a roundabout way.

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CrazyRussian 2 points ago +2 / -0

Existing cryptocurrencies have too many problems to be used widely. One of that problems is blockchain itself.

And it does not necessary have to be something digital. You even could use conventional coins as a mean of exchange. May be you know, that not all coins are equal, even if they have same value printed on them. There is rare coins, from specific year and specific batch, that could denote large sums, like hundreds of dollars, and less rare coins that could denote tenths of dollars, despite of being just quarters.

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BlackDay2020 1 point ago +1 / -0

Use crypto. Even with gold, how could you ensure that you aren't getting a counterfeit? This is the classic use case for crypto. See my comment further up. The only drawback it has is reliance on the internet and electricity.

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Eu-is-socialist 1 point ago +1 / -0

Use banks as little as possible. WITHDRAW cash and DEMAND to pay with cash whenever possible. AND demand LAW CHANGES to allow to withdraw and HOLD as much cash as you want wherever you want. STOP CARING ABOUT TAX EVASION .