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Since the start of the year until July, DeFi-related hacks totaled $361 million — an increase of nearly three times from all of 2020, according to cryptocurrency compliance company CipherTrace.
NORTH KOREA STOLE 650 MILLION! AND IN 2014 STOLL MILLIONS FROM SONY!
THE LIST GOES ON AND ON!
Cashless economy: “If you haff nossing to hide, you have nossing to fear.” Herman Goering, career terminated 1945.
Half this country hates Trump, half this country hates Biden. We are therefore guaranteed that half the country will NOT give up cash no matter who is president. “No cash” equals 100% government control – so far, this is America, not a totalitarian dictatorship where entire groups of people can be exterminated because the government deems them undesirable. Just imagine how YOU could live (or not) if suddenly you had zero access to money, no food, no home, not even a chance to leave unless you walk or swim.
I am by no means paranoid (no ammo stash, no MREs, etc.) but I do NOT have faith in the ongoing benevolence of a government. Look at DeSantis in Florida – if he could starve out anyone who disagrees with him, he would.
Further, if there were no cash, no currency, people would find other things to trade with, and none of them would be taxable or traceable at all.
What do you plan to do about the millions of people who don’t have computers? Digital money requires a computer and a working internet connection, and we are not automatically on-line at birth.
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