New and Improved Pocket-Change Theory

Hi friends!

Well, i’m Back from a wonderful getaway to Vancouver Island.

And I had me some time to give a think about pocketchange and indeed, cash in general. Now if the phrase “war on cash” does not ring any bells for you, then you may not be interested. However, if you know what i’m talking about then read on. Or, as it were, have a look at this photo, and then read on.

Wha!? Huh!!!? The new coffee-shop and cinnamon roll spot that has just opened up in my neighbourhood DOES NOT ACCEPT CASH!!!

To quote Welshie: “What the actual fuck?”

They accept interac, mobile pay, and visa etc., but no soup for you if all you have is cash. I am sure this is only the beginning because as I read somewhere recently, when it come to utility and human interaction we will ALWAYS choose the superior form of payment. This is why we went from clamshells, to chickens, to goats, beads, coins, paper money, and finally to electronic fiat payments, which is where we are now... But this is also why we are about to fully embrace crypto currency. Simply put: it is a far superior form of payment, as well as a store of value — or at least I think so.

So, what is the new and improved version of the pocket-change theory? It’s simple: unless it’s made out of silver or gold, SELL THAT SHIT AS FAST AS YOU CAN! Take whatever “cash” you get for it and buy precious metals or bitcoin (Ltc, Dash, etc.)

In my opinion, pocketchange is going the way of the dodo bird. Here in Canada we have already stopped using the penny for any kind of commerce. Shops and restaurants and every other kind of business (that still accepts cash) will round up or down to the nearest nickel. How long will it be before things are rounded to the dollar?
Certainly we are not going to go backwards and decide that physical coins are the way to go, and that all we have to do is revalue them x10 or x100 or whatever. Everybody knows what a perfect pain in the ass it is to have a pocketful of shrapnel! So in my opinion, the ease, speed and utility of cryptocurrency (and that’s not to mention the utility of micro-payments) is so far superior than exchanging cash — even in its electronic form — that this is surely the future. As well, there is no vampire-squid sucking the value out of the cash in circulation by printing more!

So, wanna’ be on the right side of history? Then turn your dimes into dollars and trade them for something better.

I am @thedamus, and Bitcoin is accepted here!