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No, not sleepwalking; actively, happily, gleefully running there.
The chance that a digital dollar will be implemented in the next 20 years is exceptionally high, and most of the population will go along with it—willingly. If the government does attempt to implement a digital dollar, there will be little resistance to it
It's just very easy, less clunky. Most people can't see the layered difference between cash and bank deposits, the permissioned nature of the latter. And there's no good argument to pose for habits to change, for peeps to willingly go the other way—at least not until bad things like debanking happens, or hyperbitcoinization comes around, which doesn't exactly look promising anyway (#927854, #908702)
Part of this is consumer preferences—paying with a card or a phone is less awkward and clumsy than having a bunch of change slamming around your pocket. But what we gain in convenience, we lose in privacy and freedom
privacy has value, though nobody acts like it:
Just because one isn't doing anything illegal doesn't mean one wants the government to know where they go to lunch every day. If you have a complete electronic record of someone's economic activity, you have a pretty good idea of who they are as a person, which is why economic privacy is so important.
A sad present. Will we have a worse future?
Let's try to predict all the arguments the NPCs will use to justify it against our concerns.
I'll go first,
"If you have nothing to hide you should have nothing to worry about."
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"this makes it easier to stop bad people for committing crimes. You don't like child pornographers or money launderers, DO YOU?!"
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0 sats \ 2 replies \ @alt 23h
what's the counterargument to this? I know that the "protect the children" argument is rubbish, but how do you refute it without making yourself sound like a pedo-apologist?
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There are other ways to fight child porn that don't involve such a dangerous form of money
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What I "sound like" is in the eye of the beholder... little hard for me to do anything about
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Okay, and because I'm not always so good at coming up with the counter-arguments off the top of my head, let's give some of them as well!
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Most of the time I find debate about it pointless... that's why I use the term NPC.
Because the counterarguments are all so obvious... like how these tools can be used to silence political dissent or target disfavored groups.
The only reason they use their bad arugments is because they quite honestly don't care to think about it. If it doesn't affect them personally in the moment, they just don't care.
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With the Bitcoin Lightning Network and possibly e-cash implementations on top of it we will eventually get the best of both worlds, convenience and privacy.
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I’m still not clear on the benefits of e cash vs lightning
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True true true, but we gotta get there too
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The number of cashless businesses is exploding. Part of this is consumer preferences—paying with a card or a phone is less awkward and clumsy than having a bunch of change slamming around your pocket.
Isn't it stated in law that businesses have to accept cash?
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For some jurisdictions, for sure, but definitely not all (I know of at least one where it isn't)
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In France accepting > €1000 in cash is illegal.
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0 sats \ 0 replies \ @xz 29 Mar
Part of this is consumer preferences—paying with a card or a phone is less awkward and clumsy than having a bunch of change slamming around your pocket. But what we gain in convenience, we lose in privacy and freedom
I hear this a lot. Let me ask you, if you had the equivilant to 100 - 1000 USD in most currencies in bills, in your left pocket, and any smart phone in your right pocket, which one weighs more and takes up more space in your pocket?
I don't get it. No coins where I am.
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