David Canfield warns that tracking everyday purchases and programmable money could limit what you buy based on carbon credits. Richard Canfield discusses using silver coins like Silver Eagles for cash transactions to preserve privacy, weighing the trade-offs of different denominations.
Chapters
You're losing your freedom and anonymity. It's nobody's business how many coffees to buy in a month or where I buy them. Who cares? I care. Why would you care about coffee? I don't. It's the principle. It's the ability to have freedom. What if you can only get so many coffees a month? Because that carbon credit, that's many paper cups you use that month, David, you can't go to Starbucks this next month. And that's what we're looking at. So that's the answer. Programmable money. That's the problem, among others.
One of the things you mentioned about the farmers markets is that you attempt to try to pay in silver. So I'm guessing like silver eagles or a coin to denomination, because you can carry them around easily. And we have people, hey, they go get a silver bar, that's great, or a gold bar, but it's pretty hard to lug that down to the farmer's market and bring your own scale and shave it off on the market price to pay for your tomatoes. It's like, it's not feasible, but like, you got some silver eagles or some Canadian maple leaf, maybe it's a little bit easier denomination to carry around. Adds a little weight to your pocket, of course. Mind you.