Coining in on future currency

CBDCs, cash and Bitcoin vying for position in our wallets

- DANIEL BUBB-SACKLYN

IN an era where the mainstream narrative often dictates public opinion and actions, I have chosen a less-traveled path: doing the opposite of what is generally advised.

This approach has been surprisingly effective. From questioning untested pharmaceutical treatments, doubting the traditional food pyramid, and navigating the complex world of higher education and its associated financial burdens, I've embraced a path of scepticism and self-reliance.

Within traditional finance, this philosophy extends to the use of cash. Contrary to mainstream advice, which favours digital transactions for convenience, cash offers distinct advantages.

It offers control, privacy, and immunity from censorship.

These values might seem insignificant until they become crucial, as vividly illustrated by the plight of Canadian truckers. Yet, there's a growing sense that the era of cash might be nearing its end. As cash is issued by central banks, its existence could come to an end if they choose to discontinue its issuance.

Most people don't realise that their money is essentially just numbers on a screen and doesn't really exist in a tangible form. The funds displayed in your online banking app are, in a technical sense, not entirely under your ownership either, as banks have the authority to lend out and use your deposits.