> I want the pendulum to swing the other way. Everybody gets and gets to keep forever an account at the Reserve Bank. I believe this would result in more insta

> I want the pendulum to swing the other way. Everybody gets and gets to keep forever an account at the Reserve Bank. I believe this would result in more instances of funds being frozen when under the suspicion of doing something/being associated with someone doing something illegal. Just as Social Security was promised to never be used as a national ID, but was ultimately used as an identification mechanism[1], accounts with the Federal Reserve would be sold as a way to have a permanent bank account, but would ultimately be used as a way of implementing financial ruin upon those who choose non-compliance. Conversely, I also believe crypto serves the same end. There is nothing a financial regulatory body would enjoy more than having every transaction take place on a publicly auditable ledger. [1]: https://www.nytimes.com/1998/07/26/weekinreview/the-nation-not-for-identification-purposes-just-kidding.html https://www.nytimes.com/1998/07/26/weekinreview/the-nation-n...