Meme. REJECT CBDC. Centralization BAD. Decentralization GOOD.
(media.greatawakening.win)
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The gold-backed US dollar was THE decentralized currency (along with any other currency where paper could be exchanged for gold at a fixed rate).
No internet involved; no hacking possible; you just pay for something with cash -- coins or bills -- and you're done; no record of your transaction to add to a Credit Score file. If the power goes out for a year, people still have whatever cash they kept at home and the economy can limp along instead of being unable to handle a single transaction other than barter.
Gold and silver have beneficial properties that NO digital money can match, UNLESS that digital money system includes gold and silver coinage that is interchangeable with the digi-coinage at a fixed rate. Digital currency, like paper money, is fine if it's a CONVENIENCE -- but not on its own, even if the public is "promised" that gold backs the blockchain-based money.
"Really! There's gold backing every one of our ShitCoins! Would I lie?"
Peer to peer private crypto transactions using precious metals instead of fiat currency can destroy the banking system when it comes to interstate and international transactions.
Pairing something like monero with metals instead of fiat has the potential to completely put banks out of business
I agree! As long as gold and silver coins can ALSO be used for transactions, AND as long as you digital money can be exchanged for a fixed amount of gold and/or silver, IRW.