CoVid-19 Part IX - 785 cases ROI (3 deaths) 108 in NI (1 death) (20 March) *Read OP*

Kaisr Sose wrote: »

But the money has to come from some sort of activity. Its not free. The concept of free money only really exists with the crypto currencies.

You have it backwards. Crypto is proof of work. Fiat like £$€ is just printed out of thin air.

tobefrank321 wrote: »

Please tell me you're joking?

Paper cash is just a receipt of what you have in your bank account no more. The important tradable item is not the physical cash its whats in your bank account.

I should also have mentioned forged money, that would be eliminated too.

I guess you like to flash the cash Tony? Show them you mean business.

Seriously?
So if you have 100 euro note or thousand of them in your hand that means you do have the same in your bank account?

Atlantic Dawn wrote: »

Shocking stuff, they should play this on mainstream tv so people are aware of where this is going.

Yes absolutely. I think more of this footage should be played. Some still people don’t understand how serious this is.

I’m hearing people saying “just wash hands”

patnor1011 wrote: »

Seriously?
So if you have 100 euro note or thousand of them in your hand that means you do have the same in your bank account?

You didn't understand him at all.

100 Euro cash is just a way of accounting for part of your worth. The same as 100 Euro in numbers in your bank balance.

He can give you that 100 Euro note. By handing it to you, you now have the 100 Euro added to your net worth. But that is the same, conceptually, as "transferring" that electronically to your "screen"

Axel Square Simulator wrote: »

The modern equivalent of that is stashing non-fiat across many electronic platforms, the idea being that they'll hardly all fail at the same time. Not sure there's much guarantee of that being true anymore though.

I do not know. What you are talking about is rather speculation. I do not know of anyone who will put all his eggs in crypto basket. It is way too volatile. Good to make money but you may also lose your pants in a process.
To me the modern equivalent is rather gold and silver - look at all the central banks recently buying as much as they could.

tobefrank321 wrote: »

It originates from your bank account.
Without a healthy bank account you have nothing.

Nope. Not all cash comes from bank account. Bank account is a way to send or park their money for people and not a place of origin.

Kermit.de.frog wrote: »

South Korea 157 new cases yesterday

If this is WWII, the suppression strategy is appeasement.

eagle eye wrote: »

I'm not sure if it's been posted yet but heard that the office of either the Taoiseach or Tanaiste ordered all civil servants to work with no preparations in place for dealing with covid-19. I was informed that anybody in the high risk category is excused but those with high risk family members residing with them, whether they be children or older relatives, have to go to work in an unsafe environment.
How can this be happening?

My wife is in the public service, thats not what she is seeing.

Offices are closed to the public. Hand hygiene stations have been installed, social distancing being enforced. Remote working is in place where possible, usually no more than one third to one half of staff in any department. 2 metre minimum desk spacings and chairs being removed in offices and canteens. Non essential staff are being excused, but where necessary staff are being reassigned to contact tracing, emergency measures implementation and social welfare processing.

Its not ideal but there's tons of services than must be maintained, there cannot be a mass excuse from working.

IamtheWalrus wrote: »

Ok, well you need to start taking action to prevent this. Get off this thread, get some fresh air, stop reading the news. It's our own responsibility to look after ourselves.

Exactly my thoughts. Social Media should not be a killer.

BonnieSituation wrote: »

What should the EU do?

Agreed, they need more medics, beds and equipment, but every EU nation is in the same boat to a greater or lesser extent. The shortage of ventilators and PPE is global.

All the EU can do is restrict movement, lift procurement restrictions and make capital available through the ECB.

Donald Trump wrote: »

You didn't understand him at all.

100 Euro cash is just a way of accounting for part of your worth. The same as 100 Euro in numbers in your bank balance.

He can give you that 100 Euro note. By handing it to you, you now have the 100 Euro added to your net worth. But that is the same, conceptually, as "transferring" that electronically to your "screen"

I understand, I was merely pointing on how he phrased it as some people may understand it that way.
My point is that cashless society is a way to tyranny. It is very easy to misuse all data generated by watching over every aspect of your life. Also "less bank robberies" argument does not hold water as cybercrime and possible rouge government restricting your access to your own money is no less scary and fairly common.