Re: How much longer until paper money is no longer in circulation?
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.
That's certainly true, mate. Privacy will be non-existent once CBDCs take over the world by storm. When paper money is phased out, it'll be difficult to "exit" the crypto world without bringing unwanted attention. You'll be limited to spending crypto at merchants and/or businesses that accept it. That wouldn't be a problem if salaries are paid in crypto.
Unfortunately, that's not the case these days. Maybe this will change in the future? Living only on crypto will ensure your financial freedom and independence from banks and the government itself. Some countries are beginning to accept BTC as legal tender, so living on crypto would no longer be a distant dream. Who knows how much longer will it take for CBDCs to replace good-old paper money? Just my thoughts
