I don't like it too, the possible consequences are way worst than the current situation. Digital government issued currencies are the foundation of mass surveillance, control of the people and dictatorship. It gives way too much power to governments: dynamic global tax rates, individual behavior related tax/interest rates, allowed/disallowed spending (smoke too much, dink too much, eat too much, play too much video games, spend too much on imported products...).

They just shut down the world for a year and could already do everything in your list without crypto. Not sure what fear your trying spill but crypto can unlock trillions of dollars and shift power back to people who can't control the current inflation. Look at Monero or ARRR for privacy if you need that thing. What are you buying that is so private anyway, most needs for privacy is when it's for something nefarious.

> What are you buying that is so private anyway, most needs for privacy is when it's for something nefarious.

Nothing, I think we are tracked enough with private companies, but they are restricted in their actions by the law. Governments are able to change the law and have all the power they want to make you respect them. People are free as long as they can decide how they allocate their purchasing power. I think democracies are fragile, and if people don't defend their liberties, when those liberties are removed, they won't be able to get them back that easily. And as you said, it can ha pend very fast.

With the current situation, it is possible to trace your history if you are suspected of something, I think this is fine. But tracing everybody permanently open the doors to tyranny.

Also I don't think crypto is a solution if only a extremely low percentage of the population is using it, specially if it becomes outlawed.