Bitcoin Liberates People Punished For Using Cash
What do Belgium, France, Italy, Greece and several other European countries have in common, other than proximity? All are plagued with governments that seek out and punish those who make large purchases in cash. This forces people to either use banks against their preference, or live with the risk of punishment. The states in both France and Belgium each forbid cash purchases in excess of €3000 (or US$3700). In Italy, the declared cash cap is even less—only €999 (US$1200). The Italian state even goes so far as to forbid people from paying their rent in cash altogether. If all of this....
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Following the controversial demonetization drive enforced in early November by the Indian government, citizens holding “a large number” of now-outlawed cash notes beyond December 30 could be punished with fines and, according to some reports, even imprisonment. The Union Cabinet of Indian ministers, chaired by Indian prime minister Narendra Modi who led the demonetization effort, convened on Wednesday to discuss penalties for holding old cash notes. An ordinance was passed, making possession, transferring and distribution of old 500 and 1000-rupee cash notes, a punishable offence,....
For quite some time now, bitcoin cash users have been leveraging the web portal read.cash in order to write blog posts, connect with like-minded individuals, and earn bitcoin cash for providing popular content. Now the creators of read.cash have introduced another application called noise.cash, which is similar to the parent platform, but allows people to make noise using much shorter messages. Microblogging and Bitcoin Cash Tipping Bitcoin cash (BCH) supporters have been recently introduced to a new platform created by the read.cash creators. News.Bitcoin.com has reported on the....
The global fight against HIV and AIDS is gaining ground, but the war is far from over. Around 6,000 people are infected with the virus each day and 19 million across the globe remain unaware of their HIV-positive status. Additionally, treatment - and by extension, survival - is something of a lottery. A recent statement from UNAIDS executive director Michel Sidibé warned of a "fragile five-year window" to address the discrepancies in healthcare services worldwide, adding: "Ensuring that no one is left behind means closing the gap between people who can get services and people who can't,....
Felix Weis, a Berlin programmer, visited 27 countries and 50 cities in the past 18 months only spending bitcoin. He related his 18-month story in Forbes to a reporter, Laura Shin. Weis wanted to prove that bitcoin was not dead, as many people were claiming at the end of 2014. He also believed that if bitcoin was, in fact, a world currency as advocates claimed, then someone should be able to travel the world only using bitcoin. He made it a point to use bitcoin whenever possible, and only to use cash by exchanging bitcoin for cash. He used LocalBitcoins.com to find people to exchange local....
Our society is evolving into a cashless economic infrastructure. Several European countries are trying to discourage people from using cash in order to pay for goods and services. That seems only normal, as cash transactions are a hassle when dealing with change amounts. The list of downsides when dealing with cash transactions is rather lengthy, and if Danish government has any say in the matter, Denmark will become completely cash-free in the near future. Cash Offers More Disadvantages Compared to any Other Payment Option. It is hard to imagine that cash will no longer be a part of daily....