Preserve your wealth in precious metals, consume in bitcoin.
Did you know that the dirtiest thing we touch on a daily basis is paper money? Almost 94% of dollar bills contain fecal matter. It has been reported that paper money carries more germs than a household toilet!
Unfortunately paper money is a welcoming environment for viruses and bacteria. Research at NYU’s Center for Genomics and Systems Biology found almost 3,000 types of bacteria on paper money. Some of them cause acne, gastric ulcers, pneumonia, food poisoning, staph infections, and antibiotic resistance. In fact, paper money can transport a live flu virus for up to 17 days.
You have a very real possibility of increasing your life expectancy by no longer using paper money. The change is marginal, so you won’t notice any immediate effects to your health. However, over the span of a human life, you may be able to increase your life expectancy if you give up on paper cash. Unfortunately there is no data that shows what kind of impact that it will have on your life, but that data will come as we move toward a cashless society.
So what alternatives do you have when you want to spend your money? You could attempt finding a bank that will give you newly printed bills every time, but that might be time consuming. Alternatives to paper money could be credit/debit cards, coins (carry less bacteria than paper), or your phone. I know many people don’t have or don’t want to use credit cards or smart phone services such as Apple Pay, PayPal, or Google Wallet. The data about your purchase are recorded by these intermediary companies and your privacy can easily be compromised. Do you really want a third party company sharing and collecting every purchase that you’ve made over the last 20 years with other companies, hackers, and governments? Not only that, but credit card technology is flawed enough that credit card theft is a prevalent problem, too.
One solution that I’ve been doing has been spending with digital cash, aka bitcoin. Bitcoin is not controlled by a third party that is collecting all your private information. It is digital, instant, and there are no transaction fees. By switching over, I have almost immediately reduced my exposure to thousands of bacteria and viruses that have the potential of getting me sick. I’m not spreading germs to others or facilitating in the transmission of germs. By using bitcoin, I am not only preventing myself from getting sick, but also anyone else I am coming into contact with.
Spending bitcoin is not necessarily the most practical solution yet, because not everyone accepts it. Day by day, however, more companies are accepting bitcoin. I make sure to ask every company if they accept bitcoin, and you can too. By doing so, we are giving each other an opportunity to have longer and more prosperous lives.