I'm sorry, but this doesn't make any sense to me.... What I am missing ?
> as governments will introduce digital currencies
Governments generally don't create money, central banks do. Famously, some central banks are actually private entities, not government (public ones)
> own failing currencies
What exactly currency is failing, and which are the indicators ? USD and EUR are roaring successes in facilitating value exchanges on a global scale.
> simultaneously robbing citizens of their savings
If that's the intention, banks can do that right now by printing money. Oh wait, they do.
> will give out free money (it costs them nothing to do so)
Yes, printing money has a small marginal cost.
> not tell them that their money can expire
Why somebody would expire money when they try to prop the economy on which they base their own support ?
> have its purchases limited to "approved" vendors
Again, why anybody would shoot themselves in the foot by killing the economy that keeps them alive ?
> it cannot be manipulated or stolen by the state
I'm sorry all your post reads some like crypto-prepper thing. If you feel that the state is out to steal you, you'd better start arming too, because if the state is out to get you, they'll not do it via obscure economic means, they will send the state-sponsored-thugs to violence it out - see Russia.
> Something that's never existed in the history of humanity.
> What exactly currency is failing, and which are the indicators ?
The USD's value has declined 90+% over the last 100 years. As Charlie Munger suggests, "My [the] working thesis is that the currency goes to zero."
> If that's the intention, banks can do that right now by printing money. Oh wait, they do.
Correct. That's a bad thing. They can't do that on a Bitcoin standard.
> Why somebody would expire money when they try to prop the economy on which they base their own support ?
Because it forces participation in the economy. If it's going to expire, you're forced to spend it, thus boosting the economy. Also, you're guaranteed to keep working because you can't save your money and exit the system so you can repeat this cycle ad nausea.
> Again, why anybody would shoot themselves in the foot by killing the economy that keeps them alive ?
> I'm sorry all your post reads some like crypto-prepper thing. If you feel that the state is out to steal you, you'd better start arming too
The floor of my bedroom closet is a small arsenal and yes, I've mentally prepared to die in a shoot out (if it comes to that) with the powers that be. Being prepared does not mean being ignorant/stupid/foolish. I lose nothing by thinking ahead while those who foolishly buy into what they're told—despite persistent evidence to the contrary—potentially lose everything.
> "My [the] working thesis is that the currency goes to zero."
And that's a good thing. As currency goes to 0, we'll have an economy of abundance, a Star Trek utopia where you can get anything for free (because currency is 0) from a friendly replicator.
> That's a bad thing.
That's a good thing - as the economy grows the supply of money that represents the value of the economy needs to grow. You can buy together things that would've been utopia 100 years ago (iPhones - the knowledge of the world in your pocket; travel anywhere in the world in under a day) for next to nothing (in the developed world). The value of these new things needs to be represented.
> you're guaranteed to keep working
What makes you think it's fair for you to stop working when other people are working their asses off to feed you, give you shelter, etc ? We all need to contribute to the society, unless you have a leach mentality.
> the goal is to limit the number of people "kept alive." ... my bedroom closet is a small arsenal
I'm not going to discuss conspiracy theory-driven paranoia, except to mention that if the state is "out to get you", unless you have tons of like minded friends, and you all have your own airforce, "they" WILL get you, because you can't fight an F-16 bombing you.
> As currency goes to 0, we'll have an economy of abundance, a Star Trek utopia where you can get anything for free (because currency is 0) from a friendly replicator.
You don't understand economics.
> as the economy grows the supply of money that represents the value of the economy needs to grow
You really don't understand economics.
> What makes you think it's fair for you to stop working when other people are working their asses off to feed you, give you shelter, etc ?
Where did I say that? If I save money—the result of my labor—and then live off of that, it's not a crime (this is literally the basis for the concept of retirement) or a threat to anyone (they get compensated for their current labor with the proceeds of my past labor). Assuming that it is a threat in some esoteric way, to be honest, is a bit disturbing.
> I'm not going to discuss conspiracy theory-driven paranoia
It's not paranoia, it's awareness. Paranoia implies I think it's going to happen, while awareness implies that I think it could. I don't think the government is actively out to get me—I'm relatively harmless—but I can certainly foresee people like me being sought out if the circumstances necessitate it (in the eyes of the authority).
> Oh, and bitcoin can be seized, exactly as gold
The headline of what you shared proves me right, not wrong: "Aided by cryptocurrency exchanges."
> as governments will introduce digital currencies
Governments generally don't create money, central banks do. Famously, some central banks are actually private entities, not government (public ones)
> own failing currencies
What exactly currency is failing, and which are the indicators ? USD and EUR are roaring successes in facilitating value exchanges on a global scale.
> simultaneously robbing citizens of their savings
If that's the intention, banks can do that right now by printing money. Oh wait, they do.
> will give out free money (it costs them nothing to do so)
Yes, printing money has a small marginal cost.
> not tell them that their money can expire
Why somebody would expire money when they try to prop the economy on which they base their own support ?
> have its purchases limited to "approved" vendors
Again, why anybody would shoot themselves in the foot by killing the economy that keeps them alive ?
> it cannot be manipulated or stolen by the state
I'm sorry all your post reads some like crypto-prepper thing. If you feel that the state is out to steal you, you'd better start arming too, because if the state is out to get you, they'll not do it via obscure economic means, they will send the state-sponsored-thugs to violence it out - see Russia.
> Something that's never existed in the history of humanity.
Gold?