533 sats \ 9 replies \ @03365d6a53 2 Jul 2023 \ on: Is it possible to live without a bank? bitcoin
use cash as much as you can, everywhere you can
it's a moral obligation
if we don't INSIST on cash (or lightning), we are all going to become slaves to the banking elite
fact.
Agreed 100%, the only issue is for example: power companies. One can't pay cash or BTC there (yet) one needs to use CC or send a check (aka. promissory paper-note from a bank) to settle your electricity bill. There are probably more utilities like that, we can't insist on a payment option that is not offered now, can we?
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for those who only accept payment via the banking oligopoly, the best you can do is file complaints on the basis of inclusivity.
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power companies? Not necessarily an issue: https://darthcoin.substack.com/p/pay-bills-with-bitcoin - Naturgy in Spain for example. OK, you probably meant in the US, but this shows there is some hope at least.
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Not 100% true.
In some countries there are services which let you pay utilities in bitcoin (Australia has living room of satoshi for example)
In other countries you can pay with cash at convenience stores for many things.
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People are starting to look at you in a bad way when you tell them to pay in cash. And cash is going to be banned eventually after they implement all the CBDCs.
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Interesting. I have never been to the US but in South East Asia most of the time I can pay with cash. Inversely I don't think we can use credit cards on the food market (it wouldn't even come up in my mind to use it there).
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well, and what if I can receive a part of my salary on a special "restaurant" debit card, and I do not pay income tax for this part of salary?
So my choices are:
- pay less tax, deprive the state of some money, but forced to pay by card
- pay in cash (even in restaurants) but only after this money is taxed by income tax
Perhaps such "restaurant" debit card can be seen as proto-CBDC - it is already limited, I can only spend it in restaurants.
Wonder if real CBDCs will be similarly incentivised. Overlords can then say they are not banning cash, they would never think about doing it. Yet everybody will prefer CBDCs because of those incentives, so in a year or two, the overlords will say how nobody except criminals uses cash, let's ban it.
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Interesting observation.
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Cash is fiat, fiat=bad, very bad.
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