When paper money is completely phased out and replaced by CBDCs, our privacy is seriously threatened as they can control our entire finances, even with the smallest expenditures. Using privacy coins like Zcash or Monero will also not be able to guarantee our privacy if CBDC is the main currency of the world. I mean, we still need to convert crypto to CBDC, which is very easy to expose our privacy. I really don't want paper money to disappear, it's really not in our favor.
Yes, we will have to show everything that we have if it happens that governments will allocate some time so that the population has time to replace fiat money with digital money. It's a very bad script, I hope it won't happen soon, now it's more like a movie script.
The elimination of paper money will not happen anytime soon, at least not in our generation, as we have a lot of elderly and disabled people who have difficulty using smartphones and the internet. But most governments are already preparing to release their CBDC, in the next 3 to 5 years, I think CBDC will be released in most countries of the world. CBDCs are no longer like a movie script, they are gradually coming into our lives, and that is inevitable. I just hope they can keep paper money for as long as possible, the two coexist side by side.