Everyone always makes this point "oh but all the criminal activity is with cash!", but I think it really lacks nuance.


The real issue is whether society can handle a form of cash which is even more powerful than physical cash; clearly governments and some parts of the elite like the idea of killing physical cash already given how much latitude it gives people (ordinary, and criminals) to move wealth around.

I remember talking about this with Bunz and his colleagues at Stanford (Scaling conf), it was quite interesting talking to the high falutin' academics about the real world implications of their magic :)

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