05 July 2019 · 0 min read

The Case for Electronic Cash: Why Private Payments are Essential

Cash is more than a method of payment. It is considered to be a fundamental tool for individual privacy and autonomy, and it is necessary for an open society. In this talk, Jerry Britto, executive director of Coin Center, a U.S.-based crypto-focused research and advocacy institution, will make the case that a cashless economy is a surveillance economy. He argues that removing the option to freely transact without intermediation greatly limits our economic self determination, placing our economic lives in the hands of financial institutions and governments. Brito also presents several case studies demonstrating the dangers of a completely intermediated payments system and concludes that electronic cash is a tool that should not only be tolerated, but fostered and celebrated.