The real choke point with crypto is restrictions on mobile devices and the phasing out of general computing. If you need an Apple or Android device to access your funds, that’s where you lose control.
Crypto is the only asset that could bypass such restrictions tho. It's open source and platform independent by definition. So what if Apple and Goolag bans crypto wallets on their phones and prevent you from access crypto related websites. That doesn't mean you have to carry a whole desktop machine to the store, you can use a slip of paper with a QR code, just like cash but with in store verification or a plastic card with RFID chip.
Extending the crypto cash idea you could even have a central authority to verify the bills for you. It would ruin the point with crypto but then again, how's that worse than today's cash? It would be cash without inflation, and in most cases it would be possible to digitally verify the bills as soon as there's a machine with a local copy of the chain which is up to date.
The real choke point with crypto is restrictions on mobile devices and the phasing out of general computing. If you need an Apple or Android device to access your funds, that’s where you lose control.
Crypto is the only asset that could bypass such restrictions tho. It's open source and platform independent by definition. So what if Apple and Goolag bans crypto wallets on their phones and prevent you from access crypto related websites. That doesn't mean you have to carry a whole desktop machine to the store, you can use a slip of paper with a QR code, just like cash but with in store verification or a plastic card with RFID chip.
Extending the crypto cash idea you could even have a central authority to verify the bills for you. It would ruin the point with crypto but then again, how's that worse than today's cash? It would be cash without inflation, and in most cases it would be possible to digitally verify the bills as soon as there's a machine with a local copy of the chain which is up to date.