The moment the rest of the world began to be nuclear blackmailed into using the U.S. dollar or else
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RabbitBBQ@lemmy.worldto
Privacy@lemmy.ml•Should cash stay alive to enable "private" transactions?
102·1 month agoCash in the United States is not as private as it seems. Eventually the bills will be scanned at various points through the financial system and the serial numbers are logged by these authorities. It may take some time to collect the data versus being able to view a blockchain, but cash isn’t as anonymous as it appears. And with a vastly decreasing amount of cash in circulation, it makes it a lot easier for the Govt to track its usage. It’s still the best option even considering cryptocurrencies.
Another reason for the decline in cash is that as the U.S. debt increases, the economy will have to inflate along with it, and it’s much easier to manage increasing inflation in an economy without physical currency. If things get really bad and conditions exist that would cause a bank run, well, good luck doing that if you can’t have cash. Run off with a copy of the database or something.
Don’t forget about the tech/government surveillence state that is all up in your ass



What’s the explanation for the shape of the Moon, Sun, all other planets, etc… in the flat earth mindset?