You made a jump that I'm have a hard time following.
Today I'm basically all digital as far as money goes. I can't remember the last time I handled coins or bills. I don't feel like I have no control over my transactions or what I do with my money.
Today I'm basically all digital as far as money goes. I can't remember the last time I handled coins or bills. I don't feel like I have no control over my transactions or what I do with my money.
There are a lot of benefits to cash. I believe that a digital dollar that acts like paper cash is possible, but you need a lot of technologies to make that a reality (e.g. zero-knowledge crypto, and then mechanisms to peg digital asset to fiat). It doesn't quite exist yet today.
https://www.cbc.ca/news/politics/emergencies-act-banks-ottaw...
You don’t have money if it’s in the bank. The bank owes you money. Your credit card is a person liability that the bank will let you pay with their money, and they owe you less.
You have no control over your money.