>>13453174 lb
I had to sleep.
>I'm personally not a fan of digital anything, because I know that everything is compromised and you will leave a data trail.
Everything isn't compromised. You clearly aren't aware of the gross incompetence that plagues federal agencies…
Besides, having a decentralized public ledger is what cripples [them]. Right now, they can hide anything and everything from us and keep "oops"ing away our tax dollars. See, with the introduction of a public and decentralized ledger, [they] can no longer keep hiding those tax dollars. We notice any and all large movements of cash and the time it would take to make thousands or more transactions to different shell addresses wouldn't be effective for [them], eventually bottlenecking their routing power; additionally, people would start to notice the series of movements from particular wallets and to particular wallets, especially when the patterns become egregious. We already have a leg up on them in this regard, hence the close monitoring of "whales" on most (probably all) chains.
Monero isn't the answer, nor is Zcash or other "privacy coins". They just reinvent the same problem with promise of helping morans hide their transactions.
>Right now I would even go so far and say fuck digital money transactions, because everything is comp'd.
<sophistry
This is just stupid.
>Do we need banks, I'm not sure.
See, now you're asking the right question.
>verification problems
Now you understand the utility of trustless and immutable financial devices, right?
>we need centralized banks to protect people from fraud
This is how I know you know next to nothing about unbanking and the utilities of Blockchain.
It's imperative that you do your own research.
Please start with reading the Cypherpunk Manifesto.