It's better business to let him have the last laugh and avoid unpleasantness.
That's just layer zero on some blockchains.
Um ackchually by electronic cash they mean like bearer bonds, irreversible but not necessarily usable at all.
Meanwhile we still have the TSA.
[briefly checks if this scenario is real]
It's not a waste of the employee's time at all. Don't start a "be difficult" contest with someone working hourly.
Because I've got infinity time to argue when I'm in a made-up scenario.
We don't even need a mass surveillance system. We can see where their wealth is, it's not secret at all. They don't even need to come forward if they don't mind us keeping it.
That they're class traitors who serve the interests of capital?
The USD is now backed by bitcoin and you spend small fractions of a dollar.
Time preferences would be lengthened due to lower interest rates. People would save instead of taking on more debt. It would be harder to get a loan, but your real interest rate would be lower.
Instead of deliberately encouraging consumption, everyone would buy less stuff. This would be terrible for "the economy" (rich people) but great for people who live in the environment.
The "Greatest Generation" are the parents of Boomers.