Scorched earth crypto legislation through enforcement is likely the worse US regulatory policy error ever made. As cash becomes CBDC, we'll make any value transferable as a currency, to be denominated in fiat of user's choice, meaning fiat no longer needed

https://twitter.com/ReggieMiddleton/status/1371894702283362313

Fiat's primary draw is two-fold:
1) It cures the liquidity, fungibility and portable ailments that plagued direct physical barter, and
2) Countries only allow their national fiat to be used to pay their mandatory taxes.

#P2PEconomy addresses 1), leaving only 2 as a use for cash