Is cashless society good or bad?
Today I was searching badly one scene of Mr.Robot TV series where Mr.Philip Price talks about Bitcoin and his own E-coin. Back in the time when I watched it, I did not understand any of it. I wish I'd tried to learn about it as soon as I saw it. Anyway, today I rewatched it and some very valuable information came up. Here, Mr. Philip talks about his E-coin and how he along with the government wants to regulate it. Monitor every transaction and manage all the mining servers. Also, he talks about "Regulate the shit out of it". I was always wondering if ever we're gonna keep our own assets. And got deep into blockchain technology, learned about it. Then today after rewatching it I'm feeling pretty scared. Cause it's actually pretty understandable that the elites want full control over normal civilians. And if you follow the money you get all the answers for sure. I read the news a few days back that Mastercard, CISCO, and 33 enterprises joined or made deal with ethereum organization. Does that mean they're holding a large portion of it? I love ethereum and at the same time, I hate it cause I think the core developers are too greedy. And their proof of stake will make the rich richer. In near future, the decentralized behavior of cryptocurrency might be just the name of it. We might go to the path of corporate culture of it where enterprises control all our transaction and also we pay them for it. I moved my money to cryptocurrency for one reason is that its not being regulated by the government or nobody can sensor it . Not to make money out of it or getting gains in terms of USD. I think if we the people go in right direction and don't use Goldmen Sacs or Microsoft's coin we'll be safe. Otherwise it'll be chaos.
Be safe with cryptos. Have a great day. Here's the video you can watch if you wanna see more in detail
It's bad if the government outlaws cash because they can lock you out of system. Then you won't be able to work or buy food.