Welcome to Detroit Sports Forum!

By joining our community, you'll be able to connect with fellow fans that live and breathe Detroit sports just like you!

Get Started
  • If you are no longer able to access your account since our recent switch from vBulletin to XenForo, you may need to reset your password via email. If you no longer have access to the email attached to your account, please fill out our contact form and we will assist you ASAP. Thanks for your continued support of DSF.

Replacing figures on US currency

The entire issue is moot. We will eventually all do what Denmark is initiating in 2016, making all money exchanges in electronic form. Resistance is futile.
 
Seriously! Shit!

Lol...you didn't hear about that? They said in 2014 that over 95% of all transactions were electronic in their country so they are trying to ban any non-electronic exchanges beginning in January. They said even illegal transactions were electronic based, as were things like giving a homeless person some money for food/shelter/etc...so they do not feel there is any need for non-electronic transactions any longer.

The US apparently is still close to 50%, but the trend is toward all electronic too, but might take another 10-20 years to get close to 90%. However, if Denmark can prove the concept, other nations are likely to follow and that could speed up the transition, as well as improvements in tech making e-money even easier to exchange than cash.

Naturally it isn't a far reach to realize that once all nations are electronic, the notion of independent national currencies is less important and a form of bitcoin that is internationally accepted by all will become the norm.
 
Back
Top