And what country can preserve its liberties if their rulers are not warned from time to time that their people preserve the spirit of resistance? Let them take arms. The remedy is to set them right as to facts, pardon and pacify them. What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.
I still remember when I was a lad it was a credit card-less society and we were far better off for it. Then about 65 years ago the rot started when the first plastic cards were intro'ed by Diners Club & American Express.
It will fail because all bitcoin lacks any value whatsoever. It has been a Ponzi scheme from the beginning. Any form of non physical currency cannot have value because it does not exist. It will continue to have value to the suckers that keep buying these ones and zeros, but in the end, all but a handful of people are going to take bath!
Zuckerdork and others at the tip of the pyramid will get rich but everyone below them are going to be screwed.
and then there's this
ReplyDeletehttps://www.breitbart.com/tech/2019/06/21/bank-of-america-ceo-wants-a-cashless-society/
As was brought up in one of Heinlein's novels. "Then how would we handle all the black market transactions?"
DeleteI still remember when I was a lad it was a credit card-less society and we were far better off for it. Then about 65 years ago the rot started when the first plastic cards were intro'ed by Diners Club & American Express.
ReplyDeleteIt will fail because all bitcoin lacks any value whatsoever. It has
ReplyDeletebeen a Ponzi scheme from the beginning. Any form of non physical
currency cannot have value because it does not exist. It will continue
to have value to the suckers that keep buying these ones and zeros,
but in the end, all but a handful of people are going to take bath!
Zuckerdork and others at the tip of the pyramid will get rich but
everyone below them are going to be screwed.