Cash is inherently more secure and private than digital transactions, especially regarding personal privacy, traceability, and straightforwardness in transactions. Cash is a direct exchange, unencumbered by third parties, electronic records, or potential data breaches, which makes it unique in terms of security and integrity as a transactional medium.

With the increasing refusal of cash, there’s a concerning shift in the control of personal finances, where people are increasingly forced into traceable, centralized systems. This shift can lead to the erosion of cash’s most fundamental qualities—its privacy and autonomy in financial exchanges. Additionally, the gradual decline in cash usage diminishes the currency's perceived stability and independence, both of which are core attributes people historically associate with "honest" money.

This shift could indeed accelerate the devaluation of fiat money, as it gradually becomes a less universal and less versatile medium of exchange, particularly if it loses its most unique benefits. And with more people exploring alternatives like Bitcoin, which, unlike fiat, emphasizes decentralization and digital scarcity, fiat’s limitations in fostering true financial autonomy become even clearer.