this post was submitted on 29 Nov 2023
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Correct me if Iโm wrong: this digital currency would end the need of doing business with a bank, it would simply make banks obsolete?
Sounds like it. But banks are my least concern. It needs a lot of technology (internet, smartphone). And most of all: it's traceable by nature!
I still prefer cash. Simple pieces of paper or metal which simply are. I can keep them in a drawer or my pocket, and I can simply hand them to somebody else without any additional high tech, or 3rd party snooping. Life can be so easy!
Imo, due to them completely ignoring the first and biggest feature request of the public: privacy, it makes it almost completely useless to me. I prefer cash as well, but we also need a digital cash alternative, and that's where privacy focused crypto is a better alternative for me
Only partially, because there'd be a limit to how many digital euros are available and how much you can have or something like that.