“ They promise to make finance work better but also to shift power from individuals to the state…”
Just what we need. More power given to the state and taken from individuals.
Just what we need. More power given to the state and taken from individuals.
Nothing, I think we are tracked enough with private companies, but they are restricted in their actions by the law. Governments are able to change the law and have all the power they want to make you respect them. People are free as long as they can decide how they allocate their purchasing power. I think democracies are fragile, and if people don't defend their liberties, when those liberties are removed, they won't be able to get them back that easily. And as you said, it can ha pend very fast.
With the current situation, it is possible to trace your history if you are suspected of something, I think this is fine. But tracing everybody permanently open the doors to tyranny.
Also I don't think crypto is a solution if only a extremely low percentage of the population is using it, specially if it becomes outlawed.