[xs83]

We still have cash right now - that is the important distinction. You can choose to put your cash under your mattress, self custody has always been a thing.

Our bank accounts have some legislated protections and even if they decide to de-platform me from my bank account they have to provide me with the money (sanctions aside) in that bank account in the form of cash or a medium that can be exchanged for cash.

If cash ceases to exist then what? If the government decides that I (or a group) are to be blocked from transacting, without cash then what happens?

We currently have choice - CBDCs will remove that choice for everyone and unilaterally grant governments an absurd amount of power - as demonstrated in that thread

[mgbmtl]

I think that's key, legislation. We rely on legislation one way or another.

As geeks we're always trying to think of technical solutions, but over and over again, what guarantees our freedom are strong and robust democratic institutions that make it possible to address the social issues.

[xs83]

I think we are also of the mindset that "If we have the capability to do things ourselves in such a way that removes the need for legislation then why can't we"?

If you lose $500 in cash because you tucked it in your pocket and dropped it you don't expect recourse from the government, you might report it missing and hope for the best but that's about it.

So why does Crypto need such heavy regulation with the regulators saying that "well you need protection from losses". We don't - we need the freedom to be able to choose what to do with OUR money - even if those decisions are dumb.