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![saifedean Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::18469669.png) Saifedean Ammous [@saifedean](/creator/twitter/saifedean) on x 399.3K followers
Created: 2025-07-19 18:14:22 UTC

The banks don't make a material difference. If the government wants you debanked they will debank you. Citibank isn't going to defy the government to protect your right to buy stuff. Withdrawing cash in large quantities is already very difficult, if not impossible or criminal in some countries. And cash is an increasingly insignificant part of the money supply & transactions. And cash bills are all marked and ATMs can keep track of them. And it's equally possible to ban cash on with fiat or with CBDCs. Scaremongering about CBDCs is popular but there is nothing they are supposed to do that cannot be done today.


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**Related Topics**
[central bank actions](/topic/central-bank-actions)
[money](/topic/money)
[countries](/topic/countries)

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