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Personal Finance and Investing

bucolic_frolic

(50,348 posts)

3. I could see a world where currency is outlawed, or taxed for using it

Reply to Marthe48 (Original post)

Sat Jan 11, 2025, 10:55 AM

Jan 2025

In Europe there were fees for awhile for a bank holding deposits. I believe it's on the books where they can charge you for depositing cash, or spending it. (We get cash back for using credit cards sometimes, so that penalizes cash.)

But it would be phased in slowly. Cash could go the way of stamps. Will people still collect coins? Or are they worthless too? No telling what Eloon and Vivek are up to.

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If traitor tries to move the U.S. economy to crypto [View all] Marthe48 Jan 2025 OP

Let's see if the IRS accepts crypto . . . . no_hypocrisy Jan 2025 #1

It would be in addition to US Dollar, not replacing, if it comes to pass Bernardo de La Paz Jan 2025 #2

I could see a world where currency is outlawed, or taxed for using it bucolic_frolic Jan 2025 #3

This would definitely drive down the dollar Diraven Jan 2025 #4

Why do we need Crypto - I read and listened to tons of videos but I don't get the purpose? walkingman Jan 2025 #5

The big money return in crypto is::: keithbvadu2 Jan 2025 #6

I've heard this kind of thing Marthe48 Jan 2025 #7

it is a ponzi scheme which is running out of "investors" rampartd Jan 2025 #8

If they run out of dupes Marthe48 Jan 2025 #9

that is it in a nutshell rampartd Jan 2025 #10

I won't participate on my own Marthe48 Jan 2025 #11

"the bitcoin reserve bill" has already been introduced rampartd Jan 2025 #12

Are gold bugs behind it, invested in gold and hoping that extra demand raises gold price? Bernardo de La Paz Jan 2025 #13

crypto bros (musk/thiel/vance) behind it rampartd Jan 2025 #14

And remember World Liberty Financial kkmarie Jan 2025 #16

Welcome to DU Marthe48 Jan 2025 #17

In all likelihood, he won't do that. Silent Type Jan 2025 #15