Cash is like all the other things you deal with on a daily basis. The real value and benefit is often only recognized when it has disappeared. Cash means the ability to use your money anonymously and without restriction.
Those who understand the importance of cash will position themselves accordingly while it is still possible. Not that it is possible to stop the disappearance of cash. The abolition is a done deal and is only waiting for the Central Bank Digital Currencies (CBDCs) to be made available.
It is only a matter of setting the course in such a way that the introduction of CBDCs does not create total dependence and control from which there will be no escape. The majority has not yet realized that the disappearance of cash marks the end of individual freedom and thus cements total control in all areas of life.
CBDCs only work in conjunction with a central digital ID, which are linked to a (possibly secretly installed) social credit system based on the Chinese model. Everyone can imagine for themselves what this means.
Arguments such as "cash is unhygienic, cumbersome, can be lost or stolen" have long prepared the ground of acceptance for cashless payment with credit cards in parallel with cash.
CBDCs will be introduced in the same way, but cash will then slowly disappear completely. To increase acceptance, their use will initially have noticeable advantages over cash and credit cards, but only as long as cash is still available.
When all cash has disappeared, the control capabilities of CBDCs will slowly but surely take over in phases. A currency that can be programmed differently for each individual from a central location holds possibilities that one can only imagine in one's worst nightmares. There are then no limits to the control, influence and manipulation of the individual.
Individually programmable validity only for certain goods or services as well as limitation to certain regions is equivalent to a prison. Individually adjustable tax rates, expiration dates, negative interest rates, bonus/malus, etc. are additional instruments that make everyone compliant.
From then on, anyone who has no other medium of exchange of value other than these CBDCs is completely at the mercy of the rulers' benevolence. It will no longer be possible to acquire with CBDCs cryptocurrencies or precious metals that can be used as a means of payment.
The black market will flourish and with it, anonymous cryptocurrencies. Cryptocurrencies that are not anonymous but can be used p2p as well will also be able to be used there initially. However, the wheat will quickly be separated from the chaff.
The black market (a true free market) will decide which medium of exchange will be the most sought-after and thus most valuable. Cryptocurrencies have the advantage of being easier to handle than precious metals, which are not easily divisible and verifiable for authenticity. Privacy, however, will be one of the most important criteria market participants will look for.
The argument of precious metals proponents against cryptocurrencies is always that gold and silver have intrinsic value, have been used as money for more than 5,000 years, and have maintained their purchasing power. Since they can be used for other purposes, they can never become worthless. Cryptocurrencies, on the other hand, are just information that depends on electricity and hardware and are worthless if the Internet fails.
These arguments do not get to the heart of comparing precious metals to cryptocurrencies as a viable payment system when CBDCs are introduced. If one assumes an "Armageddon" in which electricity and the Internet fail completely, CBDCs will no longer work then either.
Cryptocurrencies only need a single active node anywhere in the world to survive, and to reactivate the network when the Internet boots up. A complete failure of all active nodes worldwide is almost impossible with the highly decentralized EPIC network, running in 2300+ cities in 129+ countries.
Bitcoin Core, still #1 today, will very quickly lose relevance in a thriving black market environment due to its all-encompassing surveillance capabilities and poor p2p usability. What will then be needed is a real alternative to the cash that will then have disappeared.
EPIC Cash, unlike BTC, has all the properties of cash (private, easy-to-use p2p medium of exchange). The basic properties of money (medium of exchange, store of value, unit of account, scarcity and privacy) are a given. Additionally, EPIC Cash is still the only one among 23K cryptocurrencies that meets all the requirements of Superior Money.
All developments point to a dystopian new monetary system. From the WEF slogan "You’ll own nothing and you’ll be happy" the first part must be taken very seriously.
The signs are unmistakable for those who are not closed to the truth. Those who do not act now can no longer be helped, they are screwed.
For more information, visit www.epiccash.com.
Thank You Tilman I'm honored to serve as volunteer along with you, in the EpicCash community