France Moves To Outlaw All Large Cash Payments - News 4.9.2023

France outlaws all cash payments above 1000 euros, in a move that brings the European nation further along the path of a dystopian centrally controlled economy.

Luckily, there’s Bitcoin.

On today’s show: France moves to outlaw large cash payments made in euros.

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What actually happened with cryptocurrency is something wild: Satoshi didn't just give us superior money, he gave us an anti-fragile social structure for the 21st century. Long after the banks and maybe even some of the governments go functionally if not actually bankrupt (i.e. they can hyper inflate their currency to repay debts, but at the expense of all remaining credibility), Bitcoin and other major networks like perhaps Litecoin will still have users, accepting merchants, and name recognition.

—FULCRUM Research