• PilferJynx@lemmy.world
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    1 year ago

    Hmm, I don’t want to lose my cash. How many chickens can I trade for my drugs? What if my government wants to introduce a tax for buying used goods like they do with vehicles? We could definitely launder the digital funds but cash is much easier.

    • hitmyspot
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      1 year ago

      Yes, cash is much easier if you wish to be anonymous. That also leads to more cash based fraud and tax fraud. I don’t think cash needs to be eliminated, but there are digital alternatives to cash if you want illegal things. So, again, we don’t necessarily need cash. We don’t need to rush to eliminate it, but we also don’t need to prop it up to prevent progress. Even if Australia alone eliminated cash, which I don’t expect, you could still buy drugs in US$, for instance.