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I would like to emphasize his point. When we get into a digital only currency world, you are loosing control. He is giving a real life example. Nothing hypothet
by Aldipower 3y ago
I would like to emphasize his point. When we get into a digital only currency world, you are loosing control. He is giving a real life example. Nothing hypothetical. Think about blocked - without given reason - Google accounts and such. Could be you bank account, in the future, too!
- EVa5I7bHFq9mnYK 3y agoI think "loosing" should just be declared a language norm at this point.
- klabb3 3y agoThe beauty of cash is that it is money, not merely pinky-promising to be money. The “cashless” world was supposed to prevent fraud but clearly it doesn’t work. Instead we’re moving into a world of reputation and heuristics, with implications down to the level of individuals and small businesses. I don’t particularly like to carry cash. But being shadow banned from existing by deliberately obscured algorithms could be much worse.
- smeej 3y agoThis is only true if you're talking about central bank digital currencies. And frankly I worry about anyone who isn't worried about those.
- SantalBlush 3y agoCounterpoint: My dad sold a lot of pot in the 80s, and subscribed to High Times Magazine. They had an ad for a board game called "Dealer McDope", and he mailed an order for it with (naturally) cash, and waited. Eventually, he gets a reply in the mail: "No money, no game!" He was pissed. My mom loves that story.