I really don't see the difference between crypto and fiat currency, except that with most existing cryptos you can't just print money arbitrarily.
My big worry is that they're roll out their own coin in which transactions are centrally regulated, meaning they can do what ever they like; from denying specific transactions, to having money expire, to printing it. But that's exactly what you have anyway, if you rely on digital currency (credit/debit cards). We saw this in Canada; they can just turn your savings off and that's that. Why do they need crypto?
I really don't see the difference between crypto and fiat currency, except that with most existing cryptos you can't just print money arbitrarily.
My big worry is that they're roll out their own coin in which transactions are centrally regulated, meaning they can do what ever they like; from denying specific transactions, to having money expire, to printing it. But that's exactly what you have anyway, if you rely on digital currency (credit/debit cards). We saw this in Canada; they can just turn your savings off and that's that. Why do they need crypto?
I agree. Transactions are all digital anyway. I think most people are worried that they will get rid of cash.