I would say your post has the logical flaws, not confronting any of the core criticism and instead misdirecting to other topics.
Creating efficient payment rails for its own currency is one of the most obvious roles for government imo. If the government provisions the currency, why would they not also provision the infrastructure (like the printing of the paper money).
That said, you’ve not offered a good rebuttal to any of OPs concerns, just repeated how good pix is within Brazil…right now with their current government.
Digital payments does present a uniquely frictionless route for tyrannical governments to assert power should they ever decide to weaponize it…unlike paper money which is harder to control.
Also, international payments is absolutely an issue with these systems. So you hate crypto due to its 2010s association with annoying Twitter bros. I get it.
But what are you offering instead as a solution to global money? Paying Wise stupid currency movement fees and waiting for them to close your account because you tried to buy a house for your family in the country you moved to?
>Digital payments does present a uniquely frictionless route for tyrannical governments to assert power should they ever decide to weaponize it…unlike paper money which is harder to control.
This is true, and there's already a proposed law to ban paper money in Brazil.
No, but abusing a payment system makes little sense. If people don't trust it they won't use it and then it serves no purpose. Incentives between government and people can have overlap
I don't offer any solution for the problems you mentioned, and I don't think it is possible.
If we want to have global money and a global payment system, they would be controlled by governments, international organizations, God, Devil, Cthulhu, Spaghetti Monster...
There is no magical solution. We, as a society, need to establish competing social institutions, and try to control them, and try to force them to compete. There is no solver bullet.
Creating efficient payment rails for its own currency is one of the most obvious roles for government imo. If the government provisions the currency, why would they not also provision the infrastructure (like the printing of the paper money).
That said, you’ve not offered a good rebuttal to any of OPs concerns, just repeated how good pix is within Brazil…right now with their current government.
Digital payments does present a uniquely frictionless route for tyrannical governments to assert power should they ever decide to weaponize it…unlike paper money which is harder to control.
Also, international payments is absolutely an issue with these systems. So you hate crypto due to its 2010s association with annoying Twitter bros. I get it.
But what are you offering instead as a solution to global money? Paying Wise stupid currency movement fees and waiting for them to close your account because you tried to buy a house for your family in the country you moved to?