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I welcome the convenience CBDC provides, but I am absolutely against the abolition of cash. You don't need to be an economist to see that having no cash is a ni
by nexthash 6y ago
I welcome the convenience CBDC provides, but I am absolutely against the abolition of cash. You don't need to be an economist to see that having no cash is a nightmare - every transaction you make across your lifetime is tracked and can be shot down by somebody that is not you. I believe that cash should always exist as an alternative backup to any convenient electronic system. With responsibility comes authority, and taking too much authority from individuals is not healthy for a free society.
- imtringued 6y agoThe problem with electronic cash is the dependence on internet and electricity. That's a very complicated foundation to build your society on. At a minimum you would need to provide free internet access to banking apps and free access to banking devices for it to be a solution for literally every citizen.