Carrying $50 in my wallet which gets seized with an extremely low probability is not how I "lose it all". It's how I "lose $50 maybe but most likely not".
How I would lose it all is if we go to a digital currency and I get banned at the flick of a switch!
Right now I can have any number of different assets and freely trade them in and out of cash. There is no off switch for that.
In digital currency land, once the account is turned off, that's it. If I can only pay via card, I can't barter at the local corner shop, I'm capital F fucked unless I can somehow convince a friend to buy everything for me. The end.
I'm convinced, utterly convinced, that these threads just attract propaganda bots or something. It's like they get stuck at the very top level of "but card means tap is save 0.1 seconds!" and that's it, all other executive function is disabled.
> I'm convinced, utterly convinced, that these threads just attract propaganda bots or something. It's like they get stuck at the very top level of "but card means tap is save 0.1 seconds!" and that's it, all other executive function is disabled.
There are a lot of people who are invested via their job, their business or their literal investments, into cashless payments. Big public companies like Apple and Google have made billion dollar investments in cashless payments, and a lot of people hold their stock and/or work for them.
How I would lose it all is if we go to a digital currency and I get banned at the flick of a switch!