4 ms·
The article makes some great points, but it is surprising that the article doesn't mention Bitcoin, cryptocurrency, or even the theoretical possibility of a "di
by msgilligan 3y ago
The article makes some great points, but it is surprising that the article doesn't mention Bitcoin, cryptocurrency, or even the theoretical possibility of a "digital cash" that mitigates some or all of the issues he identifies.
I personally think that Bitcoin and the Lightning Network (with forthcoming and as-of-yet-undiscovered improvements) is our best long-term alternative to the "unbalanced cashless" society that he rightly fears. I admit I could be wrong about Bitcoin, but the larger point should be that we, as a society, need to allow for options other than what the "banking sector using big tech devices" is offering.
Freedom and the market system are about giving people options. Cash, Bitcoin, and other cryptocurrencies should all be available to consumers. Our right to use cash should be protected and it makes sense for individuals to "vote with their [paper] dollars" to help preserve that option and that right. The same applies to Bitcoin and other "digital cash" systems.