We find presently that more and more transactions done every day are accomplished through some sort of medium, which is digital at its core, such as in credit cards, debit cards, and various apps on our phones to perform those transactions. For those that don’t really care that every digital transaction creates a digital record and therefore those that obtain access to a given person’s transactions have a clear bird eye’s view of how they conduct their personal as well as their business activities, have clearly made the mistake of not seeming to comprehend that the more that our financial transactions are available to those that may not have our best interests in mind, but rather desire this information to exploit us or simply to know us, have failed to acknowledge that information is a form of power and those that do not at least attempt to do their part to be discreet where discretion is warranted have done so to their own harm.
When it comes to cash, it has to be admitted that cash money while having an identification to it, as in its unique serial number, that this should be of no real concern to us virtually all of the time, unless we are involved in doing some sort of compromised illicit deal in which specific money has been recorded by governmental agents and those actors are caught with that same money, thus making this the exception to the general rule. Other than that, we do find that cash transactions are anonymous because there isn’t any tracking information attached to dollar bills, whatsoever. This signifies that those who conduct their personal and business affairs on a cash basis are able to maintain not just their anonymity of how they spend or receive their money, but also maintain their agency to be about their business without government or private enterprise corporations knowing what they are doing.
The main reason, therefore, that we see the government pushing for a digital currency and digital transactions to replace our physical dollars has absolutely everything to do with monitoring and ultimately controlling the general public. Further to the point, those that conduct their affairs in a way in which their assets, because they are digital, could be frozen by the government, need to understand that assets that are frozen, are a way and means for the government to assert its dominance over the other, because those that lack access to money are the same that are in a poor position to maintain their personal sovereignty.
Indeed, cash has its place, especially for those who simply believe that privacy has its proper place and thereby do not desire to live their lives essentially in a “fishbowl.” Those who do not properly understand that privacy does more to protect one’s freedom and liberty than the laws that are on the books of their government are putting themselves into a rather vulnerable position, because when that same government, in conjunction with private enterprise, knows everything about us, they aren’t going to store this information in order to be of benefit to us, but rather they are deliberately doing so to have the ability to compromise us, especially if for some reason we decide that we want to do something or back something that the government has determined it need not countenanced.