[rbera]

I suppose ideally your money can’t be stolen? E.g., if someone hacks you or something similar, the government can invalidate that currency. Plus reduced money laundering, since it’s tracked, which theoretically reduces crime and makes it easier to track.

Personally I only see physical currency being deprecated over the next several decades, considering most people don’t really care about privacy anymore (including me, to be fair).

[eddsh1994]

It's 2032. Covid Alpha variant is running rampant. In an attempt to prevent Americans breaking mandatory isolation electric cars have been disabled unless authorised by your neighbourhood state leader and all non-online transactions have been blocked.

[rbera]

I’m not saying this is necessarily a good thing. When I say I don’t care about privacy, I mean that I don’t use VPNs, I don’t use ProtonMail, I don’t disable cookies or JS, I don’t use cash—all because I value convenience. Is this short-sighted? Maybe, but I am in a position where I (generally speaking) trust the government. That’s not true of everyone of course.

[eddsh1994]

And, key here, you trust the government now. If a government you trust erodes privacy over time & then a government you don't like gets into power you're screwed.

[password4321]

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