Pros and cons of digital currency?

Well, all of the problems you mentioned can be solved with reliable backup records which is what they do now with bank accounts. The real difference with digital currency is that it isn't backed up by a country's gold stores. Each country's money is dependent on its gold stores, demand for imports and exports, and inflation.... There's probably other things too that I don't know of... Those things give each country's currency its value on the world currency exchange...

Bitcoin (Digital currency) is just now getting assigned an official value because it is now an item on the stock market. The problem that is revealing itself now is that its value is fluctuating like crazy and nobody knows if the value is being manipulated by key investors or not. In other words there might be someone out there who holds like 20% of all bitcoins and he/she alone can drive the value up or down in the market by buying or selling his coins like one buys and sells stocks. With businesses, that does not happen because of insider trading rules.. If you own a large amount of a company's stock, you can't just trade it at will without notifying the public of what you're doing. Also, there are time limits so you can't just trade whenever you want. With bitcoin, there are no insider trading rules.

I have some Venezuelan friends who are getting paid in bitcoin to gold farm on some online games, some of them said that without it they would be starving, or have to resort to being in the streets. Not really sure if it can make an economy completely stable, but for some its helping put food on the table.

The U.S. Dollar, and EVERY major currency of every country is no longer backed by Gold. In fact, I don't think ANY country backs their currency with Gold anymore. The economy expanded to the breaking point almost 50 yrs ago and there isn't enough Gold in the world to back the many trillions of Dollars, much less any other currency, in the World.

The Dollar is now backed by word and good faith of the U.S. government to repay it's debt. Yeah, you read that right! HAHAHHA!!! Now you know just how tenuous our situation is. We owe OVER $20 Trillion dollars, and that is just the debt on the books. When the whole house of cards tumbles down, that will be the moment where it won't be market forces that determine digital currency, but GOVERNMENT that DICTATES IT! There you truly will have your one world government and anti christ.

The government will track EVERYTHING you do since currency is needed for everything we do. There will be NO freedom. When they instituted negative interest rates in several countries, which means the banks charge YOU interest to hold YOUR money, many people simply withdrew their money in cash. So their answer is to faze out cash starting with large denomination bills.

Make NO mistake. The abolition of cash WILL BE the death knell of freedom the world will not recover from until the Lord returns.

Uh... You do know this is something that has been done before, right? It's called fiat currency, basically when a government is powerful enough to say our money is worth this much because we say it is and you have to deal with that.

In all the times it has been done, it has never lead to One World Government yet.

Actually we have had fiat currency for a long time now. The only reason the government maintains a slow, steady rate of inflation is to force people to invest in the stock market to ensure their retirement, instead of just hoarding money.

We weren't even alive when the US was backed by the gold standard. We were kids when it went off the silver standard. About every 30 years, countries change which standard they use to print their money.

Oh, BTW, I could have traded all the stock I owned in a company at one point in time. My company, so my stock. (I kept the stock much longer than I kept the company. lol)

I like to handle my cash and there have been like three times my card was hacked or an attempted fraudulent charge and when I went to use it was locked which embarrassed the crap out of me........everyone looks at you like you are overdrawn or a thief.....

Our money is still backed by gold in Fort Knox, but there is speculation that we have a lot less gold than the government says is in there.

I've had my credit cards hacked 3 or 4 times too. Luckily the bank caught on to it every time. I didn't even know it was hacked until they call and as about a suspicious charge.

Is this so called "flat currency" why it takes 50k to buy a vehicle that used to cost 5k ? ... Total digital currency has not been done before ... It is the work of the anti-Christ through and through ...