Unfortunately what you’re suggesting is crypto. Which as we’ve seen isn’t really compatible with any world where capitalism still exists; as capitalists will just monopolize it.
You’re conflating two separate things: currency infrastructure vs. the economic system it runs under.
All the problems you’re describing are problems of capitalism, not problems of digital currency.
The point is: right now, Visa and Mastercard are an unelected, profit-driven gatekeeper. Replacing them with a state-backed, insured, physically-backed digital currency isn’t “crypto” it’s just removing a parasitic middleman.
Same money. Same banks. Same insurance. Just no corporate toll booth.
Will capitalists try to capture it? Absolutely. So build it with guardrails. But “they might capture it later” isn’t an argument against building it better than what we have today. Otherwise you can’t support anything short of revolution.
Unfortunately what you’re suggesting is crypto. Which as we’ve seen isn’t really compatible with any world where capitalism still exists; as capitalists will just monopolize it.
You’re conflating two separate things: currency infrastructure vs. the economic system it runs under.
All the problems you’re describing are problems of capitalism, not problems of digital currency.
The point is: right now, Visa and Mastercard are an unelected, profit-driven gatekeeper. Replacing them with a state-backed, insured, physically-backed digital currency isn’t “crypto” it’s just removing a parasitic middleman.
Same money. Same banks. Same insurance. Just no corporate toll booth.
Will capitalists try to capture it? Absolutely. So build it with guardrails. But “they might capture it later” isn’t an argument against building it better than what we have today. Otherwise you can’t support anything short of revolution.