I like paper money (because I'm an old fart). But it seems so out of date...
I'm also an old fart.
I prefer paper money too (including Bitcoin) because I like anonymity.
Every time you use a credit or debit card you're leaving a permanent record of who, when, where, what for, and how much. It's ironic that they call that a "paper trail". Cash transactions leave no such records.
Same goes for taxicabs versus Uber or Lyft. If I hail a cab on the street, specify a corner to be dropped off at and pay with cash, the driver doesn't know or care who I am or what my starting or destination addresses are. He's happy to get my fare and I'm happy to get where I'm going. In fact, he's probably happier to get his fare and tip in cash also, with less waiting and tax implications.
Cash rules.
Old fart here too.
You got it, JimboT. Paper money is important too.
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I read a short article at bitbo.io an hour or so ago. It seems a legislator in TEXAS is talking about TX having a strategic BTC reserve. As TX is something like the world's 8th largest economy, such a reserve would be quite meaningful.
I would guess that the
first serious nation to announce such a reserve would light up the price of BTC nicely. And, whoever buys first, wins the most. IMO.