Would you say that most of the benefits you attribute to cash can only be realized electronically using cryptocurrencies?

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throwaway48476 a year ago | parent | next [-]

None of those qualities are true of crypto currency. It is not anonymous with bitcoin, it is not final as with tether, and KYC makes it not censorship resistant either. And for all this it has fairly high tolls too. Crypto is not a currency used for trade except illegal trade. It is a greater fool scheme.

	▲	mgraczyk a year ago \| parent \| next [-]
		All of the numbered qualities listed are true of some cryptocurrency, and it would be easy for the Fed to issue a CBDC that has all of them. In fact all but one (tolling) are event true of BTC
	▲	torified a year ago \| parent \| prev [-]
		I've made purchases with monero that were anonymous and final. From memory the transaction fee was something like 10c. Worth every penny.

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gwbas1c a year ago | parent | prev | next [-]

Tolling on cryptocurrencies is absurdly high.

	▲	torified a year ago \| parent [-]
		About 6c per transaction on monero. https://bitinfocharts.com/comparison/monero-transactionfees.... I paid multiple orders higher fees when I bought lunch today.

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bckygldstn a year ago | parent | prev [-]

In most developed countries outside the US, electronic bank transfers and payments fulfil 1 and 3.