The more I think about it, the more certain I am that we will lament the death of untraceable cash. There are few means of controlling a population more effective than commanding it's access to food, water, and other essentials.
A look at what is happening presently in India chills my bones.
I also recognize that it would be very easy to drown cryptocurrencies in regulation, or just buy them out, for the right players. I note that instead we are given every opportunity to succumb to the urge to rebel against those that try to tell us not to invest in crypto. I distinctly recall how that worked out when I was a kid. Boy did I create a lot of regrets rebelling against my folks!
Not that it matters what I think about cryptos. If the laws mandate that we use legal tender, we'll use legal tender, no matter the creepy surveillance and draconian tax confiscations or inflation that we become subject to thereby. If stores can't sell food other ways, we either comply or die.
Our deaths don't seem to be particularly compelling losses to trillionaires. I'm sure that those of us that refuse and die will be terribly missed while the rich get richer and we poor get poorer. I've but little hope the death of untraceable cash is not going to make the economy an even better funnel of wealth to the wealthy.
I can't imagine why anyone would suspect otherwise.
Thanks!
Absolutely.
We actually have very little say over any of this despite what many people profess. It will all be regulated in time and even now, the majority of users will cash out to fiat to use their earnings.