Why a ‘Digital Dollar' Is a Really Bad Idea , Cashless Society? Vs The Bible

What Dose the Bible Say About Cashless Society? Antichrist or the beast to control all buying and selling, a cashless society will be necessary during the tribulation. As long as people are using cash, transactions can be completed in private, but, if all currency becomes electronic, then every transaction can be monitored.In the final analysis, a cashless society may make it easier for a totalitarian government to control its citizens. This is a fact of human existence and not necessarily linked to the “end times.” A cashless society is not an indicator that the Lord’s return is imminent, because believers of all ages have been warned and encouraged that the Lord may return at any time. This was true when no one had even imagined electronic transactions. The most that can be said is that every day that passes brings us one day closer to the Lord’s return. https://www.gotquestions.org/cashless-society.html

50 Bible Verses about Cashless Society

Revelation 13:17 Also it causes all, both small and great, both rich and poor, both free and slave, to be marked on the right hand or the forehead,

Cash is going out of style. Instead of carrying a wallet stuffed with bills, you can now rely on credit cards, mobile wallet apps, and money transfer companies like PayPal to make your purchases. In many ways, these cashless systems of payment make life easier. But what if there was no cash at all? Would that be a good thing? The Current State of Cash in the U.S. According to a recent study by Gallup, the number of Americans who report making all/most of their purchases with cash is decreasing, falling from 36% of people in 2011 to 24% of people in 2016.* That’s a significant and rapid decrease. The numbers for young Americans are even more striking. The same Gallup study found that among Americans aged 23–34, only 21% say they make all/most of their purchases with cash, which is an 18% drop over the course of 5 years. https://www.waldenu.edu/online-doctoral-programs/phd-in-public-policy-and-administration/resource/should-we-become-a-cashless-society

The widespread embrace of Bitcoin and other cryptocurrencies has left many government bureaucrats feeling left out. In a bid to get in on the action, many governments have floated the idea of a “central bank digital currency,” (CBDC) aka a government-issued cryptocurrency using blockchain technology.

President Biden directed the federal government to explore this idea, and new reporting suggests the Biden Administration may soon press forward with efforts to create a so-called “digital dollar.” “The U.S. Treasury Department will advise the federal government to press forward on work to issue a digital dollar,

though it should only take the final step if there’s sign-off that the government-created tokens are in the ‘national interest,’” CoinDesk reports. “The question of national interest will depend on further approval of the Biden administration and – potentially – action by Congress.” At first glance, government getting in on the crypto craze might sound fun, novel, or harmless. But it’s actually cause for serious alarm. A central bank digital currency would have none of the benefits of cryptocurrencies like Bitcoin—and serious drawbacks. Why a Central Bank Crypto Wouldn’t Be Like BitcoinAny digital currency that uses blockchain technology can technically be called a “cryptocurrency.” But, as Bitcoin influencer and content creator Layah Heilpern has aptly explained, Bitcoin has unique properties that make it valuable. Namely, it is both permissionless—anyone can use it and can use it how they want—and decentralized, meaning there’s no central authority that can control the currency.Read More At https://fee.org/articles/why-a-digital-dollar-is-a-really-bad-idea/