At the time of this article, our local Macedonia Taco Bell is not accepting debit or credit cards. Cash only. Their “machines are down” or they’re actually running out of physical cash.
Other examples are of the opposite wherein companies won’t even take your cash anymore. This is the beginning of a new financial era.
Paradigm Shift
As we shift toward(s) a cashless society, a handful of institutions (MicroStrategy (NASDAQ: MSTR), Tesla (NASDAQ: TSLA), Square (NASDAQ: SQ) and the likes are already phasing out the old and plugging in to the new monetary network that is Bitcoin. The above companies currently hold a significant amount in their reserves.
What is Bitcoin?
Bitcoin is a network, savings technology, a profitable, scarce asset and spendable money. Yes, Bitcoin is all these things in one. It is not physical, but a digital monies that was born and now lives on the internet.
I won’t go into too much detail at the moment so I encourage you to do your own research in the meantime. What I revealed to you today is a small part of what is going on in the financial sector geopolitically as well as nationally and soon, locally.
Who uses it?
As of September 7th, 2021, the country of El Salvador has, by law, made Bitcoin legal tender and every business in said country must accept it. Other countries have and will follow El Salvador as they realize the need for a deflationary, sound money for their citizens. Once a shadowy tech used for crime is now being used in the same way as the United States Dollar (USD).
Why use it?
Gold – Still a great store of value but is heavy and must be heavily guarded. Hassle to move.
Stocks – extremely volatile.
Cash – inflationary. We are printing trillions and at an astounding rate. Not even pegged to Gold anymore as of 1971 (The Fiat Standard; Nixon Administration)
Bitcoin – best performing asset over the past decade meaning your purchasing power actually increases the longer you hodl. This money is encrypted and cannot be confiscated.
Conclusion
Ask yourself (or head on over to Taco Bell Macedonia) why a company would reject a form of payment. Ponder on The Fiat Standard of 1971.
Money is such a sensitive topic and can no longer be swept under the rug. People need to understand what money is at the core.
Seriously, what’s with this coin shortage? Let’s talk about it.
Thanks for hearing me out.
God bless
Phillip D. McCombs
(216) 412-0076.