BehindBlueI's
Grandmaster
- Oct 3, 2012
- 26,053
- 113
You’d think we’d have a better team.Wow. I didn't realize how deep Lucas Oil Stadium's control over our economy was. Insidious.
Just because something is legal tender does not mean that an establishment is forced to accepting it.
Pennies are also legal tender, no? Would you expect a gas station to take $50 in pennies to pay for a tank of gas?
How about when gas stations say they won't accept anything above $20 bills? Aren't 50s and 100s also legal tender?
Vendors can set the policies they want - within reason - and within the law. Not accepting paper money or coins is within their purview.
As a smart-alecky yet truthful proposition, I’d say just as much as the Colts, the Pacers and IBE. Which is to say, a LOT.Wow. I didn't realize how deep Lucas Oil Stadium's control over our economy was. Insidious.
This mindset is the reason for my signature line.
The boxcars heading to the "showers" aren't suddenly any better because they have a walmart logo on the side.
As for the cashless thing, the ultimate danger and what is almost 100% assuredly going to happen is that your accounts can be controlled through various corporations talking to each other and suddenly deciding your facebook post wasn't acceptable. With cash they can't leverage you that way. With a card, you're at the whims of what ever is the trend for corporations to do at a given time. And given the way of things today, I'd say almost anyone on this site has reason for concern.
Sometimes freedom requires taking the less efficient route. But as long as crypto is around and growing in utility with retailers, there will be a freedom oriented option.
Reminds me of prepping my great aunt's house to sell. They were depression era kids. I won't get into the amazing collectibles they saved, but there was cash hidden EVERYWHERE. In jars, behind shelves, hell - one room had a f***ing layer of cash under the carpet. All in all, about $50k, and that was just what we found. I bet the buyers were pleasantly surprised when they did some renovations.
I'm beginning to think they had a good idea.
Good point. But what if they lined it with bitcoin? It would have been worth like a billion dollars. Or more.The main problem with that is inflation.
Ideally you'd do that with gold. If they had done that with gold, instead of $50k you probably would have had something close to a million dollars.
As a smart-alecky yet truthful proposition, I’d say just as much as the Colts, the Pacers and IBE. Which is to say, a LOT.
I understand your pragmatism and skepticism, but overall what I see happening is a further divide in class. Moving to a digital economy removes liberty and increases control, be it from the government or private business. Private businesses... sure you can go somewhere else. But what happens when the system is used against you as a form of social behavior control?
Tracking the every financial move of Citizenry is beyond what I care to accept.
Some of the Credit Card processing companies already do that. We changed processing companies 3 times when I worked at the store. Just like ebay will not allow gun sales.Not so much tracking what you buy, as much as denying payments to politically disfavored businesses or industries. Thinking here of firearm manufacturers, but others will be targeted as well.
I was hired to clean out an old immigrants house when he died. Nothing fancy, just the bare minimum, old, functional house. It was evident he understood currency problems. The man had worked as a machinist. In the basement were 5 gallon metal cans of used black cutting oil, full of chips and everything. When we went to move them, they were full of silver coins. Probably 40-50 pounds of silver per bucket. Maybe 20 buckets. Even at the $4.50/oz price then, that was a ton of savings. Too bad he died without enjoying itThe main problem with that is inflation.
Ideally you'd do that with gold. If they had done that with gold, instead of $50k you probably would have had something close to a million dollars.
Totalitarian states--typically communist--generally choke and destroy their economies so people turn to barter because goods aren't available in official stores or the currency is worthless. But that's just subsisting in a place like venezuela. A barter economy isn't going to develop into thriving small businesses, an abstract measure of value is needed for thatMy opinion? It will never happen completely. There will always be free thinkers that will be willing to trade and barter with other valuables or labor. The more government puts the squeeze on, the more people will come up with ways to circumvent the system. The large companies and corporations will only end up hurting themselves and it will eventually bring back the popularity of small businesses.
It's already done. By private enterprise. The good news is it is often semi-anonymous and silo'd within the organization or just for marketing purposes. Your grocery store knows more about you then you'd like to think.