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China implements use of digital currency


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11 minutes ago, Highmark said:

I'm talking about in our economy in general.   When you pay a bill by check or CC its not like the bank sends the company or person cash.  

hardly at all. I know lots of people who dont even carry cash and havent for years. besides transactions a digital ledger is way better than a check or cash. And with smart contracts on blockchain becoming mainstream im betting most wont even want to deal in cash much longer. 

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1 hour ago, Anler said:

Its gonna take a bit to get mainstream but I dont expect it to have any effect on illegal anything sales. 

Some newer idea of money transaction would need to be determined. Cartels work primarily in cash. This is of course the reason why they own most of the resorts in Mexico. Laundering would be much more of a challenge with a tightly held system of digital money keeping. 

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1 hour ago, spin_dry said:

I’ll grab cash for a marketplace or Craigslist purchase. Otherwise it’s a credit card purchase. I hate cash. 

thats the way most normal people are.  i've had the same money in my pocket for months now.  Started out with  $300 from  CL sale in Jan I think and still have $140 left.  

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15 minutes ago, Angry ginger said:

thats the way most normal people are.  i've had the same money in my pocket for months now.  Started out with  $300 from  CL sale in Jan I think and still have $140 left.  

Wow!  Did you get rid of your wife?  Mind me asking how?  GO TO PM!

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4 minutes ago, Zambroski said:

Wow!  Did you get rid of your wife?  Mind me asking how?  GO TO PM!

My crypto wallet is a great way to hide money from the wife. That and pay pal... LOL

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2 minutes ago, Anler said:

My crypto wallet is a great way to hide money from the wife. That and pay pal... LOL

I’m better off just letting my wallet slow bleed.  My wife has credit cards.....and she ain’t afraid to use them!!!!!

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1 hour ago, Angry ginger said:

she just racks it up on the AMEX 

That’s why I allow my wallet to be an ATM. It’s been my experience That I am money ahead doing it that way.  Diamonds are NOT a girls best friend....plastic is!

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4 hours ago, Angry ginger said:

thats the way most normal people are.  i've had the same money in my pocket for months now.  Started out with  $300 from  CL sale in Jan I think and still have $140 left.  

I keep two hundred dollar bills tucked in my wallet. They’ve been there for over a year. 

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12 hours ago, Zambroski said:

That’s why I allow my wallet to be an ATM. It’s been my experience That I am money ahead doing it that way.  Diamonds are NOT a girls best friend....plastic is!

i treat her like one of my kids and have a limit on it,  learned that lesson long ago.  

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  • Trying to pay the bills, lol

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