The coming central bank digital currencies are nothing to do with implementing distributed ledger technology, it's about programmable money.
It's Official...The Dystopian Nightmare Has Become Reality
The issue with money that is programmable, or algorithmic, is that authorities can add a host of parameters that have nothing to do with the money itself; they can add behavioural parameters, whereby disobedience can become expensive.
George Gammon suggests to keep cash king! But banning cash is very simple; not so different to when coins or banknotes are updated and old ones taken out of circulation. Plus, cash is intrinsically worthless.
I've had this experience already; some crappy food outlet - Subway - refused to take cash. Luckily for them, they told me before they made me anything as I just walked out - never to return.
Indeed, there are already micropayment apps that people are using every day to buy simple things in the market - something many cryptos cannot do because of their fees. Try sending $1 worth of ETH.
It's all so convenient, they tell me - just keep a radio transmitter glued to your buttcheek, or reproductive organs, or your heart.
butt cancers on the increase! prob testicles and ovaries too - population implosion, by stealth. Is only by stealth coz of the mass clueless.
Sure, one day we may be able to pay for stuff in cryptos, but the ramps on and off will be guarded and tolled. Coz I'm not paying a $10 fee to buy a $1 coffee!
There are places you can spend crypto - not many.