Cash is still the least common denominator because cryptocurrency excludes low tech users & it’s also unusable in a variety of tech failures. So cash should be held in the highest regard and protected as such. Cash is also the only instrument by which two people can transact without interference. E.g. cryptocurrency is not 100% fungible because a gov can issue an order that certain addresses are blackballed.
I also welcome cryptocurrency though to fill gaps where cash is impractical, like sending money remotely. Banks should have the lowest regard because they can (and do) bully and mistreat people.
to55@discuss.tchncs.de 8 months ago
The upcoming digital Euro will be sort of a cryptocurrency, and is as close to digital cash as it can get.
max@nano.garden 8 months ago
Interesting. I haven’t followed development in the space of “official” crypto currencies, but my impression is that these will probably be centralized, have little to no privacy features, and that the governments will be able to control access to the funds.
But I may be wrong - maybe they are actually building decentralized crypto networks? I just find it hard to believe that a government would do this.
to55@discuss.tchncs.de 8 months ago
I’ll try to find the article I read. If I find it, I’ll report back (;
to55@discuss.tchncs.de 8 months ago
max@nano.garden 8 months ago
Dank je wel!