Oh you sweet sweet child. The government has complete control over Visa/MasterCard already. If they tell them to shut someone off they do. They also have complete access to what everyone buys.
Exactly l, you can monitor all the digital goods you want but the people who want privacy can always fall back to cash (technically they can track serial numbers but it’s nowhere near as invasive and can only be counted when it is spent with an untrusted source) they can turn off your banking account but they can’t turn off the cash you have buried in the back yard.
Lol, oh that is precious. Trust me, having physical cash is not safer. The government will just arrest you when you show up with cash if it is not stolen before then.
Oh you sweet sweet child. The government has complete control over Visa/MasterCard already. If they tell them to shut someone off they do. They also have complete access to what everyone buys.
This all happened a long time ago.
But they don’t have complete visibility over what you do with cash, which is exactly their point right?
Exactly l, you can monitor all the digital goods you want but the people who want privacy can always fall back to cash (technically they can track serial numbers but it’s nowhere near as invasive and can only be counted when it is spent with an untrusted source) they can turn off your banking account but they can’t turn off the cash you have buried in the back yard.
Lol, oh that is precious. Trust me, having physical cash is not safer. The government will just arrest you when you show up with cash if it is not stolen before then.
No that really wasn’t their point. The government already has complete visibility without having to have an official digital currency.
There are also a host of problems with carrying cash and it is not really anonymous either.