“By controlling anyone’s access to money through central bank controlled digital wallet system, the oligarchs could potentially control everything you spend your money on. And if you speak out against their tyranny they simply withhold your money from you.”
When money, especially cash, is exchangeable for some good or property it means that you have private property rights. Cash is a big problem for the ruling oligarchs because you can use it totally anonymously. By exchanging it for a good that you own outright means that the cash you used was your property. It does not matter what form that ‘money’ comes in.
It could be paper or plastic notes, or electronic digits representing credit in your bank account, or physical gold or silver coinage. The very act of making the exchange to acquire private ownership of a good with a currency means you had private ownership of the currency unit […]
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