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Digital Currency

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Vicinalvictor
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Joined: 04 Feb 2018
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PostPosted: Tue Sep 14, 2021 3:55 pm    Post subject: Digital Currency Reply to specific post Reply with quote

Digital currency is money that is managed, stored and exchanged on a computer over the internet. Types of digital currencies include cryptocurrency, virtual currency and central bank digital currency. It can also be traced, tracked and controlled. Your thoughts?
 
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Buddy
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Joined: 18 Feb 1998
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Location: Va

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PostPosted: Tue Sep 14, 2021 4:02 pm    Post subject: Re: Digital Currency Reply to specific post Reply with quote

Don't like it.
 
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jimg.allentown
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PostPosted: Tue Sep 14, 2021 4:32 pm    Post subject: Re: Digital Currency Reply to specific post Reply with quote

I'm just a bit confused as to what digital currency is.

It has no substance. You can't hold it in your hand. You can't put it in your wallet. It has no backing. How would you even prove ownership? How would you spend it?

Seems to be the textbook definition of vaporware. I'm not interested. I'll stick to just plain cash.
 
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Loosehandle
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PostPosted: Tue Sep 14, 2021 4:36 pm    Post subject: Re: Digital Currency Reply to specific post Reply with quote

Cash is still king in my world
 
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Tony in SD
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Joined: 26 Nov 2010
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PostPosted: Tue Sep 14, 2021 4:51 pm    Post subject: Re: Digital Currency Reply to specific post Reply with quote

Dont plan to use it. I still prefer & use cash as much as I can.
 
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jal-SD
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PostPosted: Tue Sep 14, 2021 5:22 pm    Post subject: Re: Digital Currency Reply to specific post Reply with quote

Cash is still king in my book!
 
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504
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PostPosted: Tue Sep 14, 2021 5:28 pm    Post subject: Re: Digital Currency Reply to specific post Reply with quote

You Just described the dollar.
 
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Stephen Newell
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PostPosted: Tue Sep 14, 2021 5:38 pm    Post subject: Re: Digital Currency Reply to specific post Reply with quote

My bank puts so much security on the online banking I can't access it. Have to spend an hour with customer service to reset user names and passwords where I can get in and two weeks later the user name and password isn't any good anymore. Therefore I've had to quit using the debit card so digital currency wouldn't work for me. I don't like the government monitoring my spending habits anyway. I use cash whenever possible.
 
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SweetFeet
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PostPosted: Tue Sep 14, 2021 6:12 pm    Post subject: Re: Digital Currency Reply to specific post Reply with quote

I don't want to pay anybody with my phone... but I imagine someday, we won't have a choice.
 
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Traditional Farmer
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PostPosted: Tue Sep 14, 2021 6:29 pm    Post subject: Re: Digital Currency Reply to specific post Reply with quote

Sounds like so called having money in the bank which the bank doesn't have a fraction of the money that has been deposited in it.
 
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Vicinalvictor
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PostPosted: Tue Sep 14, 2021 7:15 pm    Post subject: Re: Digital Currency Reply to specific post Reply with quote

Imagine going somewhere and losing your phone with no fiat currency available.
 
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Vicinalvictor
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PostPosted: Tue Sep 14, 2021 7:20 pm    Post subject: Re: Digital Currency Reply to specific post Reply with quote

I'm not all that familiar with digital currency either, but probably someday paper money won't exist anymore.
 
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Geo-TH,In
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PostPosted: Wed Sep 15, 2021 4:19 am    Post subject: Re: Digital Currency Reply to specific post Reply with quote

Credit Cards are King in my book.
I get a backup copy of my business expenses from CC statement.
CC are auto paid. Never in my lifetime have I had issues with a CC. Never paid a penny in late fees.
I plan to get a free Henry rifle from Rural King when I get enough rebate
money. Year to date, I have $100 in RK rebates. YTD about $300 in Bank America CC rebate. Won't be long, I'll get a free rifle by not using cash..
 
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rustyfarmall
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Joined: 07 Feb 2003
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PostPosted: Wed Sep 15, 2021 4:25 am    Post subject: Re: Digital Currency Reply to specific post Reply with quote


Cash does not leave a paper trail. Credit cards, debit cards, etc, etc. ALL leave a paper trail. That is why cash is king at gun shows.
 
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