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> But you won't have the option of cash, the Fed getting into digital currency implies an all-digital future. That is quite a leap in logic, or "implies" is d
by humanistbot 4y ago
> But you won't have the option of cash, the Fed getting into digital currency implies an all-digital future.
That is quite a leap in logic, or "implies" is doing a lot of work in that sentence.
- gerad 4y agoHistorical precedent, and the fact that most of world trade is now dollarized, means that it’s incredibly unlikely that the US will ever deprecate cash. Unlike other currencies, all US currency ever issued remains legal tender [1]. Honestly, if you want untraceable transactions - using US cash is going to be way better than any digital currency. 1: https://www.federalreserve.gov/faqs/currency_12768.htm https://www.federalreserve.gov/faqs/currency_12768.htm