Cuz this is important now than ever. The central banks are making their own digital currencies and it's scary Bitcoin fixes this
Would u care when one day cash will be completely abolished and banks will charge you to keep your money?
I don't like the sound of a cashless society, as I have told you before. But I don't think a cashless society is an inevitability of government-controlled money. Cryptocurrencies are cashless, yeah? I don't like that. I like the ability to have tangible money, regardless of who is in control of it.
whether u like it or not the money will no longer stay tangible. Now the choice we have to make is whether we want the government to control and surveil the money, they can also surveil the money on bitcoin network but the difference in, on a government issued digital currency, the govt can print as much money as they want and confiscate your money without a valid reason. This poses a threat to democracy. In a bitcoin economy the government can surveil but can't print or confiscate your money.
Why do we have to allow money to become intangible? Why can't we fight back against that? Wouldn't tangible money be the best defense against that kind of government surveillance, even if the government is still controlling it? It's difficult to track cash-based purchases, yes?
You're on point. Cash is the only medium that allows private transactions. But since the government controls the monetary system, we cant fight it back sadly. However, in future you can expect bitcoin denominated currency notes with a QR code instead of the photo of world leaders lol. I think a company in Singapore is already issuing those. You can counterfeit government issued currency, but you cannot counterfeit bitcoin
Why can't you fight the government back? Wouldn't you have to fight the government to decentralize currency anyway? Why not fight to maintain tangible cash? What makes the fight to decentralize more ~plausible~ than the fight for cash?
Now you're raising good points. Let's assume all the people around the world decide to use bitcoin as a medium of exchange (already happening in Venezuela) and merchants start accepting payment in bitcoin, etc., the government in this case will have no control, they cant shut down the bitcoin network (check out how many times china has tried to do so and failed). You might argue that shutting down the internet is one option, but is that a practical solution? NO. Also, the government can't confiscate your bitcoin. If they come to confiscate it all u gotta say is: not your keys not your bitcoin On the other hand, printing of cash is totally controlled by the government. If they decide to stop printing cash, there's nothing you can do about it except protests. They can confiscate your cash with a simple raid. They can declare cash as illegal and it will have no value, not saying it has any value now. It's just a debt instrument created out of thin air. May I suggest u a book if you're interested in reading. It's the best book on economics I have read by far