futuristic tokens in a cashless world.

futuristic tokens in a cashless world.


soon we will be forced ( possibly kicking and screaming ) into the cashless future.  It's already clearly coming. Large denomination bills are constantly being removed from circulation around the world.  The $100,000 bill was never allowed for public use.  The $10,000, $5,000, $1000 and $500 bills all got axed in 1969, because god forbid we should be able to move lots of money around easily without the government knowing every detail forever.  All of those bills are now collector's items worth much more than face value.

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In Euroland, the trend is more recent.  The 500 euro note is getting squeezed out.  Nicknamed the "Bin Laden," ( talk about bad PR) it is already worth more than face value.  Starting recently, it can often no longer be deposited in bank cash machines and most of us have never seen one. England killed the 100 pound note all the way back in 1945.

Oh yeah, there are one billion dollar notes in Zimbabwe (worth ten bucks.) Think they even have a one hundred trillion dollar note, but those are poster children for completely, quickly giving up all fiat run by a corrupt state.  There is some resistance by the US, as keeping cash around for use overseas results in huge interest free loans to the US treasury, but the trend is crystal clear - blink, and the cashless future will be here. 

So, what's the point ?  The point is a cashless world will open up the use of tokens for the masses.  Amazon will be leading the charge.  What will this look like ?  when you get paid in a cashless world, you will be offered Amazon tokens, probably for a small discount.  This sounds like a return to company scrip, who wants that ?  it will offer several advantages.  If you are poor, it will allow purchase of Amazon products without the debt trap included in using a credit card. Amazon will point out that you are already spending hundreds a month at Amazon.  Or, you clearly would save a lot if you could / did. And you will be opening the window to get taco bell from an amazon droid before you know it!

 

 

https://www.investopedia.com/6-famous-discontinued-and-uncommon-u-s-currency-denominations-4773302

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Dave Sawyer
Dave Sawyer

National Merit got this punk rocker to Oberlin, and Wall Street fintech gave up world tours and an NYU MBA. I am a Bitcoin true believer. Bitcoin is deeply revolutionary in a way we always prayed tech would be. Keep the baby Faith!


Hi, I am Dave, and I just got hooked on crypto !
Hi, I am Dave, and I just got hooked on crypto !

After decades motorcycling in NYC to work on Fintech and play punk rock, I just woke up to Cryptocurrencies and fell in love like never before! Blogging for the hell of it while learning my way through this awesome, deeply revolutionary evolution in money. Join us while we laugh and flip off the central banks and their currency debasing governments! Stack sats to the Moon, Lambo, don't reck, FUD, FOMO, wild wild west, bless Satoshi!

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