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Cash is not enemy of crypto. It's actually crypto's best friend. Fiat in general is bad and digital money, especially CBDC are our mortal enemy.

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by COINS NEWS 126 Views

Cash is not the same as fiat. Yes, cash is a fiat but probably best form of fiat to use. Much safer and freedom like than any form of digital money.

In theory all fiat is bad for us crypto investors, we all run from fiat trap: inflation, uncontrolled printing and goverment control. But if we need use any form of fiat at least it should be a cash as often as possible. Sometimes we need to use digital currency, it's not always possible to pay with cash especially in the internet but in every day situation I prefer hard cash over silly plastic card. Card can broke, it is just plastic; money on account can be frozen for whatever reason by bank, probably for "our own good" especially if we buy crypto. On the other hand paper money are universal currency everyone accept with no problem.

Without paper money we would live in Orwellian dystopia, governement and banks would love to make cashless world to make everyone their slave and have full control. You protest for freedom? They can freeze you bank accounts, but they can't freeze your cash or crypto. You spend money to support some founations or political opposition they don't like? Again they can only punish you with freezing you digital money or CBDC. There is a reason why many semi totalitarian governements, for example Iran want to make CBDC. It would eliminate all protests, took away all freedom from citizens, cause they would simply starve everyone that would have anything to say. CBDC is best friend of tyrants.

Cash is like crypto of the past. So many times through history it helped people save their freedom. But even today it's necessary for us. It protect our freedom maybe even more than crypto. Yeah crypto is great, but you need to buy it with digital money. Using cash is also possible, but only in some Crypto ATM. Also after banning cash and introducing CBDC what would be next victim of governement and banks? Crypto. If they would have full control over all our fiat money not much could be done, unless crypto would be too big to stop it and possible to use almost everywhere. For now it is not possible yet, still only minority of people and companies use it.

That's why using cash instead of digital money is so important for crypto investors. I know paying with watch, smartphone or card is faster and easier, but to protect your freedom you should put some effort and pay with cash for every day expences. Otherwise in 20 or 30 years it will backfire. I am almost 100% sure your insurance company in 30 years will check you bills and make your insurance price higher cause you eat one too much hamburger or chocolate bar in 2022. It sound paranoid, but we all know what evil shit they can do.

CBDC won't be digital fiat or "almost crypto" just made by government, it will be heavy chains to enslave society more than ever. Until crypto will be big enough to survive alone without fiat we should defend cash as much as we can. Cause if cash will be removed to soon, crypto most likely will fail too.

submitted by /u/Nuewim
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