Cash and Freedom
Cash is physical legal tender that can be used to exchange goods, debt, or services. Cash is simply an extension of the trade principal - a placeholder in between trades, to allow indirect exchange where people have differing needs. Using basic trade, I could provide a service to a farmer and obtain some food in return. The flaw is that the farmer may not need my service, meanwhile someone who does need my service may not produce food. Cash adds flexibility to the trade principle and allows more people to participate in it. Moving the records of a person's cash earnings online does make a certain amount of sense in the modern age. However, if cash becomes obsolete, those numbers stop representing anything real and instead represent the "value" of each individual to the state. If digital currency becomes the norm, the solidity and security of cash is completely lost. Digital currency is vulnerable to hacking, it will make society more power-dependent, and it has absolutel...