Hi community...
Some still prefer using cash, perhaps because they are more inclined towards the tangible nature of physical currency or because it provides confidentiality in transactions. In contrast, digital payments, which occur by swiping a card or a few taps on a mobile phone, are becoming more common.
Maybe this is the end of money erea .
So , will we soon dispense with money and replace it with digital currencies?
Some still prefer using cash, perhaps because they are more inclined towards the tangible nature of physical currency or because it provides confidentiality in transactions. In contrast, digital payments, which occur by swiping a card or a few taps on a mobile phone, are becoming more common.
Maybe this is the end of money erea .
So , will we soon dispense with money and replace it with digital currencies?
The likely reason people want tangible currency is to have a sense of ownership, control and proof of existence.
It's actually better to have currency like physical US dollar than Bitcoin without fullnode due to privacy and other benefits. Bitcoin would have been better if non-fullnode users are able to easily exchange the physical version of it.
The problem with using currency with zero to little privacy is that the users are exposed to risk from criminals who could abuse their privacy. Infact without sufficient privacy of currency like the physical US dollar, tyrants or criminals will know you own bitcoins, will come to your home and take them from you if you are not protected.
Digital coins could easily be frozen, seized or stolen.
Other benefits of physical currency:
* You can always use it physically as long as it can't be easily redesigned or rejected as a proper legal tender, which is part of the reasons I chose USD, which is by far better than what most cryptocurrencies offer. And if you want to use dollar safely in virtual form, you could use or create a USD Stablecoin you fully control with full node.
* It's more privacy-friendly
*It's more censorship resistant
* it increases your purchasing power when used in countries with weak currencies.
Etc
