Another Step Towards A Cashless Society In Canada - Page 3

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Author	Replies: 39 / Views: 5,874	Page: of 3

PacoMartin Valued Member United States 411 Posts	Posted 07/01/2016 3:09 pm The market capitalization of bitcoins world over is $10.5 to $11.0 billion USD. The value of Canadian banknotes and coins is CAD$81.210 billion at the end of 2015. USA circulates over a trillion dollars in $100 bills and has already produced $800 billion in the new color version. Bitcoin gets a lot of attention, but it is still relatively chump change in world finance. If it grows to be more significant than governments will crack down. They will have to. Report this Post to the Staff
the_sifu Valued Member Canada 276 Posts	Posted 08/03/2016 07:39 am I am just Bitcoin hackers strike again. http://money.cnn.com/2016/08/03/tec...d/index.html Report this Post to the Staff
TomSwift Valued Member China 171 Posts	Posted 08/03/2016 10:14 am Right now is the time to buy some bitcoins. What's the old saying? Buy when there is blood in the water? Report this Post to the Staff
the_sifu Valued Member Canada 276 Posts	Posted 08/03/2016 10:41 am Quote: What's the old saying? Buy when there is blood in the water? For stocks and mutual funds, I would agree. Back in the day, robbery would have involved firearms and a local bank, now you can do it with a computer/servers, and an IP spoofer, with safety from another country. Oh another point, ransomware attacks are also on the rise. Report this Post to the Staff
PacoMartin Valued Member United States 411 Posts	Posted 08/08/2016 07:25 am It took a pretty big jump in the last 8 weeks. Report this Post to the Staff
the_sifu Valued Member Canada 276 Posts	Posted 08/08/2016 1:11 pm @PacoMartin and @TomSwift To each their own. Report this Post to the Staff
wildflowerAB Pillar of the Community Canada 2845 Posts	Posted 08/08/2016 1:20 pm I suppose anything is possible. Canada could become cashless and we wouldn't even realize it as apparently we're all busy looking for "one of Canada's most prized national treasures". Shirtless Trudeau strikes again: Spotting PM's bare chest becoming national summer pastime http://www.calgaryherald.com/news/n...7/story.html Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21788 Posts	Posted 08/08/2016 7:14 pm I have NEVER had a credit card in my life. I do not propose to get one any time soon. I have never been in debt except when I had a mortgage. Paid the mortgage off 26 years ago. Always pay in cash including all utility bills, through the Post Office. With cash only I have always forced myself to budget on a weekly basis. Must have saved thousands of dollars over a lifetime, by so doing. If I run out of cash, I can't buy anything. THAT forces me to budget carefully. I now eat very well, I am well clothed, I live in my own house, I have a high performance Mecedes car (bought with cash), and a coin collection worth many $thousands. All achieved by working with integrity and honesty. Report this Post to the Staff
PacoMartin Valued Member United States 411 Posts	Posted 08/10/2016 3:50 pm Quote: the_sifu Posted - 08/08/2016 : 1:11 pm @PacoMartin and @TomSwift To each their own. I have received payment in Bitcoin which I promptly spent, but I am not advocating their use. I just think the concern about how virtual currencies affect global finance is somewhat overblown. They are really very small in value in comparison to national currencies. Report this Post to the Staff
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