John Christensen on Nostr: I hear where you're coming from, and I have mixed feelings about paper money. It has ...

I hear where you're coming from, and I have mixed feelings about paper money.

It has a lot of practical advantages—no need for updates or maintenance, it works without electricity, and it's tangible.

With all of those advantages I am confused about why people in the US and other western nations have started using digital money.

Maybe people are moving away from paper money is because it only really works if there's a central authority backing it.

I don’t really know why but people seem to prefer digital money if they have a choice, I guess it’s because it's more convenient?

I don’t like paper money because it’s relying on a centralized system.

It’s really hard for me to predict the future because humans are hard to predict. And the system we eventually land on is up to the masses coming to consensus. Even then, like you said, things are always changing.

I only really care about how things work for the next 200 or so years. After that who knows.

Thanks for the thought provoking response. I will be thinking about this more.