Is digital money good or bad ?
Ranjith Kp
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GT@gaurangt1
Might need more context on this... For instance, do you mean cryptocurrencies or CBDCs?
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@ranjith_kp As a technology, it's a game changer, and it will be as impactful as the internet! Looking back, it will seem inevitable.
We need to separate the bad practices and the bad actors from the technology itself.
When Enron went down, no one said "Electricity is bad".
I believe that using digital money is a great privilege that the 21st century has given us and we need to approach this as responsibly as many are not yet used to the fact that the numbers on the screen are real money. Some people part with them too easily by making rash purchases. When I was choosing such a financial service for myself, I paid attention to the reviews on https://experian.pissedconsumer.com/review.html and came to the conclusion that the most important aspect in choosing such an application would be its protection and security. I always use the maximum protection methods and try not to leave my data in services that I do not trust.
Money by definition is a way to move credit from a person to another and as such the digitalization of money is not only good but inevitable. That being said, if money is not only digital but also decentralized then we have another step ahead where digital money basically works as a replacement of cash. This is controversial in many regards but I think inevitable as well. Governments and authorities are since long working to limit the use of cash and cryptocurrencies are exactly and opposly an enabler for digital cash.
WorkHub
Digital money is neither good nor bad — like any other thing, it depends on how you use it. For example, one can use digital money to facilitate convenient payments and make it easier to transfer funds. However, digital money can also be used to enable illegal activities.
@qudsia_ali yes it depending me
controversial. cryptos show the attribute of a kind of investible "asset" more than traditional money
Digital money makes our life easier and saver. Can you imagine to travel somewhere? But it makes us more eager to spend them as we don't notice, don't feel that pleasant papers in our hands. I noticed it more when I gamble. I do it as a hobby and not as a sport but when you are fully into the process you can't notice that you begin to spend too much on it. I play only on checked casinos that I choose on https://terracasino-ca.com/zodiac-casino/ a resource where I found a valuable Zodiac casino review that convinced me in it's reliability just because I know Zodiac and can confirm every single word those guys wrote in their review. So, when I play I play on checked resources as I mentioned and I withdraw money or put on separate account that I can control it and then enjoy playing.
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I can say that digital money, like any other currency, has its pros and cons. On the one hand, digital money provides a more convenient and faster way of conducting transactions compared to traditional banking methods. On the other hand, there are potential security concerns with digital money. At Pokie Spins Casino pokiespinscasino.bet we understand the importance of providing safe and secure transactions for our players. That's why we offer a variety of digital payment options, including cryptocurrency, to ensure that our players can enjoy a seamless gaming experience while keeping their funds safe.