This article is very flawed. It mentions two scenarios: decentralized, uncontrolled money, versus government control. But it is missing the third scenario, whic

This article is very flawed. It mentions two scenarios: decentralized, uncontrolled money, versus government control. But it is missing the third scenario, which is the on that is actually happening in most places: plain old privatization. The Chinese government might be trying to build a state-backed digital currency, but as the article states it is already almost cashless. And in Europe, as far as I know, each country already has one or a few de facto standard app-based solutions for digital payments between private persons. My country has instant bank transfers between banks and one mobile payment app. And at some point, the (American) smartphone solutions are likely to allow person-to-person transfer. This is all based on existing, privatized banking infrastructure which, while obviously not completely outside government control, is certainly not a public resource like the cash-based infrastructure was.