Jerry Brito (@JerryBrito) wrote an op-ed in the NY Times describing why a decentralized digital currency matters. Excerpts:
“Moving away from paper notes and coins and toward a digital currency is a no-brainer, at least when it comes to cost and efficiency. But when it comes to privacy and freedom, cash can’t be beat. We must ensure that we protect our civil liberties by preserving some untraceable payment method”.
“Imagine if the only way to support unpopular causes was with easily controlled e-money. Certain transactions could be disallowed by law, political pressure or corporate fiat, and anonymous giving would be impossible. Each of your transactions would be tied to your identity”.
“The nascent digital currency Bitcoin has demonstrated that such e-cash is possible”.