alt Hacker NewsI think you are conflating 2 things: - ability to privately give money to someone (mechanism is irrelevant, by hand or by way of a blockchain) - self-custody risks for uninformed users
The first one is the privacy argument.
Would you be comfortable if you’re not allowed to give the cash in your pocket to someone without someone watching over? If the answer is no, you are pro privacy for financial transactions.
Cash has the privacy feature as a default. You can argue that 3rd parties that help you send cash don’t have to offer any privacy, but BTC isn’t that, and forcing it to be that way is an attack on privacy.
I don't have a predetermined opinion on whether it is good or bad for cash to be untraceable.
I think arguments for privacy are pretty poorly argued and often come down to "isn't the idea of someone watching you icky" which this thread is not disabusing me of.