Yes, the desired outcome by the governments seems to be: > You rob a bank and make off with $10 MM in bank notes > They strike those bank notes' serials from

Yes, the desired outcome by the governments seems to be: > You rob a bank and make off with $10 MM in bank notes > They strike those bank notes' serials from a central database and you are now holding a duffel bag of paper. Fiat currency is just make belief paper. It's backed by nothing but hopes and dreams at this point, so the actual paper you hold is really just a manifestation of that. It has no inherent value beyond what the government says it's worth. If we move to centralized ledgers it becomes even easier for them to decide which transactions are legitimate and which are not. Of course this then extends to: > You tried to give $5 to a government critic's podcast > The transaction was flagged as illegitimate and cancelled. Your $5 was returned to you.