Right to Cash

So, the new Czech government wants to enshrine in the constitution a right to cash…

Source

I have covered this issue here, and I said that government printed fiat is not perfect because the government is not perfect and not always honest. However, cash provides for some level of anonymity to transactions. These days you have governments and the EU mandating limits on cash holdings and access to bank accounts. Banking secrecy is another liberty that is under attack by pesky governments.

There are digital alternatives that provide for anonymous transactions. Bitcoin is not really anonymous and attempts were made to anonymize the transactions. Recently, some people were given sentences in the US for providing an open source software that anonymized Bitcoin. They were accused of helping criminals.

The notorious Tomio Okamura, announced this cash initiative, he said the Slovaks already have it. I heard Austria had similar plans, don’t know what came out of it. Our new government is kinda based, I am satisfied.

3 thoughts on “Right to Cash

  1. Silver freaking coins and gold bullions are coming back 😄😂

    Honestly I would like if silver coins were started to be used as a currency, gold is a bit trickier since it would be target of theft, like having some in pocket in London would be life threatening.

    Liked by 1 person

    1. Silver rusts, gold does not. All money is subject to theft. Did you hear about the Bitcoin wrench attacks?

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