This is the dream bankers and totalitarians have been salivating over; complete divorce of money from reality with complete control over money.
When this occurs, the only alternatives to slavery are barter and private money.
precious metals
Ayn Rand looks more like a prophet with each passing day.
It gives govt the ability to record and tax everything. Swiss francs and other strong currencies will still be out there. With Swiss banks paying negative interest rates cash is not a bad option.
Could bitcoin be part of the private money, outside of govrnemnt control?
Fascism at the click of a button.
The first negative post of dear leader will cost $500, the 2nd one they will zero out your bank account.