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Oh, I though it was the idea to go full electronic.

Then yes, a perfect ledger for all monetary transactions would be great, espacially for big sums.

Appart from that, the current financial system is mostly digital and satisfactory for day to day payments.

> In fact, crypto is completely dystopian because there is absolutely no space for cash in it, and further, by being distributed and therefore pseudonymous at best, it actually opens massive privacy and security pandora boxes.

I don't think crypto positions itself as the only option (Bitcoin maxis aside). So there is definitely space for cash, space for tokenized USD, space for collateralized algo stablecoins.

Why distributed implies "pseudonimous at best"? Have you looked into what can be done with zero-knowledge proofs? With MPC?

> In fact, crypto is completely dystopian because there is absolutely no space for cash in it, and further, by being distributed and therefore pseudonymous at best, it actually opens massive privacy and security pandora boxes.

Is this true of all coins though? I know little about crypto, but I gather from reading on here while the privacy of bitcoin was greatly exaggerated/false other coins use actually privacy respecting schemes. Of course, that would assume that the schemes they use work perfectly which is probably a ridiculous assumption.