submitted 2 months ago by yogthos@lemmy.ml to c/worldnews@lemmy.ml

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[-] enterpries@sh.itjust.works -3 points 2 months ago

until you need actual cash

Crypto can replace cash if more people use it.

also who actually benefits from “decentralized” transactions? specifically who and how.

Everyone that doesn't benefit from the surveillance state.

also, that anonymity is what cash is for.

How are you going to exchange cash across vast distances quickly and anonymously?

[-] wholookshere@piefed.blahaj.zone 6 points 2 months ago

sure it can replace cash, but at the cost of mining, and actual usability. anything can replace cash. doesn't mean it will.
again, this is still possible with existing systems of cash, so I don't know who and how will benefit more from crypto.
how often do people actually do that? the most that happens is when my aunt mails me... get this... cash.