3 ms·

I don't hear people saying cash protects freedom, but is does protect privacy. Can it be taken away, yes of course, if people don't care about privacy (and mos

I don't hear people saying cash protects freedom, but is does protect privacy. Can it be taken away, yes of course, if people don't care about privacy (and most don't) and don't use it then it can, and that seems to be a project in progress.

nix23 4y ago
>freedom, but is does protect privacy Those are overlapping themes...and you can add safety in to mix.
brigandish 4y ago
Since the lockdowns and people being barred from shopping etc there have definitely been people saying cash protects freedom. Privacy is a type of freedom anyway.
_milgram224 4y ago
This is exactly correct, and also exactly why blockchain-based cryptocurrency has utterly failed to deliver on its promises to bring freedom from the tyrannies of fiat currency. In fact, the technology has been pivotal in ushering in this CBDC madness. Returning to the gold standard was always the best solution available, and we just ignored it to our own peril. It preserves both privacy and universal acceptability, which provides the user far more freedom than any other available alternative.
- Schroedingersat 4y ago
  Returning to the gold standard is just a very fast way of handing over everything to the people with enough resources to make the value of gold shift. As opposed to our current system which is a moderately fast way
- armatav 4y ago
  Except the whole point is that there’s a digital gold standard now. But in this case you can’t modify the gold-ledger to perform what is effectively fractional reserve gold-banking with Bitcoin. Give it 30 years, there’s no stopping math.
irjustin 4y ago
Sure, but the conclusion hasn't changed. Your privacy is lost, your freedom is lost. Whatever you believed cash to be able to do is gone when the central government decides to block it. That's all I'm saying.

3 ms·

I don't hear people saying cash protects freedom, but is does protect privacy. Can it be taken away, yes of course, if people don't care about privacy (and mos

by jjgreen 4y ago

nix23 4y ago
>freedom, but is does protect privacy Those are overlapping themes...and you can add safety in to mix.
brigandish 4y ago
Since the lockdowns and people being barred from shopping etc there have definitely been people saying cash protects freedom. Privacy is a type of freedom anyway.
_milgram224 4y ago
This is exactly correct, and also exactly why blockchain-based cryptocurrency has utterly failed to deliver on its promises to bring freedom from the tyrannies of fiat currency. In fact, the technology has been pivotal in ushering in this CBDC madness. Returning to the gold standard was always the best solution available, and we just ignored it to our own peril. It preserves both privacy and universal acceptability, which provides the user far more freedom than any other available alternative.
- Schroedingersat 4y ago
  Returning to the gold standard is just a very fast way of handing over everything to the people with enough resources to make the value of gold shift. As opposed to our current system which is a moderately fast way
- armatav 4y ago
  Except the whole point is that there’s a digital gold standard now. But in this case you can’t modify the gold-ledger to perform what is effectively fractional reserve gold-banking with Bitcoin. Give it 30 years, there’s no stopping math.
irjustin 4y ago
Sure, but the conclusion hasn't changed. Your privacy is lost, your freedom is lost. Whatever you believed cash to be able to do is gone when the central government decides to block it. That's all I'm saying.