Complete control. Get rid of paper money and the government knows all that you have, pays you what it wants, takes what it wants from your money. No more stashing a roll of bills in the sugar bowl. No more stuffing the mattress with Alexander Hamiltons. In china they will just do it. Here, the government will have to convince people that it’s “good for them,” “more convenient,” etc.
Once they grab hold of your money, they will control the purchasing power of money, determine who has “too much” (Remember obama “at some point, you have too much money.”
Total control. Coming here if dems win. How do you think they are going to implement their plan of taking 1% per year of accumulated wealth over as assessed value of 1 million?
No digital currency should NOT be run by any government.
There is a future for digital means of transferring value. But it should be universal, and convertible to local currencies. And it should not be run by the banks.
Banks and Governments F us up every chance they get.