> As the popularity of physical money diminishes, however, that nexus could break down.
And if the "popularity" of physical money does not diminish, they will get rid of physical money. But physical money is still popular for people in many cases.
CBDCs need to be resisted with everything we have. They are not about convience, they are about control "on the fact that it provides another opportunity for the state to peer into private individual transactions."
India is hostile to crypto because its cannot be (as easily) controlled.
And if the "popularity" of physical money does not diminish, they will get rid of physical money. But physical money is still popular for people in many cases.
CBDCs need to be resisted with everything we have. They are not about convience, they are about control "on the fact that it provides another opportunity for the state to peer into private individual transactions."
India is hostile to crypto because its cannot be (as easily) controlled.
I am no fan of crypto either.