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I am not a crypto fan boy, and I don't really care about (folding) cash vs cards etc. But there is a part of me that worries a bit about some future government

I am not a crypto fan boy, and I don't really care about (folding) cash vs cards etc. But there is a part of me that worries a bit about some future government/central-bank deciding to implement things like haircuts and negative interest rates. Actual cash / crypto is a nice way to actually prevent that at least. Interestingly one of the sections of Cloud Atlas is set in a future where the government REQUIRE that citizens spend all their cash by the end of the payment period. You need a special license to "save" or invest. I could see that being a policy to "stimulate demand" or whatever...

2Gkashmiri 4y ago
sure. i was part of the 2012-14 crowd so i've seen a lot. anyway, the point here is, these governments are taking big brother steps because that is what seems reasonable to them. Remember facebook libra? it wanted piece of crypto pie by needlessly being a part of it "just because". These are yet another attempts. I am pretty sure it will be forced. No one has been able to sell me this one idea. Conventional banking already has all the surveilance, account freezing, spending limits, interest rates, collateral, instant use so why bring blockchain?