The dems just love digital currency...but only one they control.
They wish to eliminate any way to buy/sell other than digital.
Digital money can be simply switched off...if your social score is poor then poof, there goes your savings.
It makes it difficult to deal in real money..like silver and gold.
Everything you own would become tied to the digital currency.
You could not sell your home for any sort of real money...you might be able to swap it for something but I doubt it.
Covid contamination of paper money could be used as justification for digital currency.
And none could buy nor sell without the number....etc etc
A digital currency (like digital yen, dollars or euro) can be shut off. Yes.
Bit crytpto cannot.
Now, the government can cut off electric power and internet access.
But if we get to the point where power and internet service is decentralized.....then.....crypto can’t really be stopped.
Digital currency is more stable than crypto-currency.
A person wouldn’t really need to use crypto-currencies - which are less stable - for normal transactions. It is the anonymity which is key for some users who may be involved in money laundering and other illegal activities.
The “Know Your Customer” regulation would represent an effort to address this issue. In banks, if a cash transaction exceeds $10,000.00 some accompanying paperwork needs to be filled out for the Federal Government.
you are correct in everything you posted.
After seeing what the ‘digital world’ has done in the way of cutting off communications; digital currency is the last thing I want to own.