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Of course it will! Just take all the cash away and add a social credit type system and you have it.

This is the ultimate power grab. They can destroy anyone they want by just freezing their bank account. Do this for a few months and they will be starving and living on the streets.

A soft kill of everyone that doesn't obey.

That's what we are up against.

it's definitely coming to the UK/AUSTRALIA/GERMANY

not sure about countries with balls like France/USA/Greece

afaik, it's on the agenda with the bank-accounts being tied to a (((green-passport))) which will also be your online identity for online purchases and browsing the internet

tl:dr chinese social credit system tied down to bank accounts is coming in the feature
they might not freeze your account or outright take your shekels
but they can deny you to buy certain goods or services depending on social credit i.e vax status

it's hell and it's coming

lol i fucking hope so

i live in central london and haven't dealt with a bank for 3 years

people go: but how?!?! you can't do this, you can't do that, you can't bla bla bla.

bullshit. you CAN do anything the fuck you want. all you need is the willpower to do it although it involves a lot more relationship building, but most people today are anti-social and would rather suck bank cock instead so they just think that 'different' 'harder' means 'impossible'.

anyway, i work remote, i get paid in crypto, i don't declare shit or pay any tax. i pay my rent in crypto (in the past i also paid it in cash, easy enough - just withdraw from a crypto atm). i buy with cash or crypto.

if you really must, you can get a pre-paid debit card which you fund with crypto and it works the exact same way as any other card, but i'd rather not support visa or mastercard or any of that jewery.

if it wasn't for crypto, i'd be fucked, since nobody pays cash in hand for work anymore these days, but... i'd ultimately find a way.

what do I get out of this? 6 things:

1) I find and deal with people I like and trust, to a degree
2) I have complete control over my finances - there's no credit score this, debt that, know your customer this, interest that
3) I don't support, give money to, or deal with banks in any way
4) The government knows jack shit about my spending habits
5) I earn a 12%-80% (it varies, but always within this range) APR on all my money. I basically live off the interest now (see decentralized finance if interested)
6) Best of all: I paid zero taxes in like, forever. If the taxman comes, they have no trace whatsoever of anything because I never associated crypto with my actual name. It's always crypto to cash without any KYC or direct crypto spending routed through Monero

Also, I started hoarding gold and shipping it offshore to bury on a plot of land I bought in another country, so there's that. If shit hits the fan, I'll get the fuck out of dodge, grow potatoes, and use to gold to stock-up and establish a forward base for anything I need there.

This is unlikely, it will be easier to enforce reducing your earning capacity or right to earn first.

The currency will become worthless for everyone the moment that is attempted.

The number in your account needs to represent the unclaimed wealth recompense for your contribution at least in part, and it amazes me just how jewed and small that proportion can become without crashing, but ultimately if it cannot be transferred to willing traders then said traders will need a replacement medium immediately.

More fundamentally, it is one example of reducing value via attaching a parasitic goal to a currency system beyond facilitating the flow of goods and services. One of the best examples of staying true to that goal was Colonial Scrip, very successful in meeting it without imposing anything else (debt, inflation or deflation per capita, etc), and so successful that the bankers in Europe had to destroy it as a threat to their parasitism.

Well then hello awesome black market with us using cryptos and trading and shit. We would do better than those that keep fiat.

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