electronic money can be taken away in an instant, by hackers, by your bank, by your government. You can lose access to your phone and other means of proving it’s you to use it. Cash is still cash, and having enough to get through an emergency is important.
If in the US, you want enough to bail your loved ones out of jail too, there are obscene fees involved for paying electronically.
Yeah for sure. Police in the us will steal your physical cash if they can find it too, where they can’t really steal your bank money, not with the so called civil asset forfeiture.
Do not keep all your eggs in one basket. If you have any eggs to put in baskets in the first place.
That is why the idea of cryptocurrency has caught on, a medium of exchange outside the control of government, that could be accessed electronically anywhere, but anonymous if you know what you are doing. No court orders to freeze your accounts. Obviously there are so many scammers into crypto it’s a nightmare but the idea, and bitcoin so far working if horribly environmentally destructive for no good reason, is still a seductive idea. A libertarian’s wet dream.
electronic money can be taken away in an instant, by hackers, by your bank, by your government. You can lose access to your phone and other means of proving it’s you to use it. Cash is still cash, and having enough to get through an emergency is important.
If in the US, you want enough to bail your loved ones out of jail too, there are obscene fees involved for paying electronically.
Physical cash can be taken as well. All wealth can be stolen and all doors that function as doors can be broken into, physical or electronic.
Yeah for sure. Police in the us will steal your physical cash if they can find it too, where they can’t really steal your bank money, not with the so called civil asset forfeiture.
Do not keep all your eggs in one basket. If you have any eggs to put in baskets in the first place.
That is why the idea of cryptocurrency has caught on, a medium of exchange outside the control of government, that could be accessed electronically anywhere, but anonymous if you know what you are doing. No court orders to freeze your accounts. Obviously there are so many scammers into crypto it’s a nightmare but the idea, and bitcoin so far working if horribly environmentally destructive for no good reason, is still a seductive idea. A libertarian’s wet dream.
Isn’t Monero the crypocurrency that’s actually private?