Obviously I stand by the rest of my statement (even if X is better than Y, that doesn't mean that we should oppose proposals to improve X)

I posted to point out that money isn't made out of paper. That's not really the same as condoning the impact of the cotton and oil industries.

100% rag content paper is still paper.

Where do you draw the line between paper and fabric? Is there a meaningful line to draw? Is cotton rag paper? Is spun rayon paper? Rice paper? How about yarn made out of spun recycled paper ( https://spinoffmagazine.com/how-to-paper-chase-spinning-pape... ) or paper made out of non-wood based sources ( https://www.intechopen.com/chapters/69880 )? How about paper made out of calcium carbonate ( https://www.stone-paper.com/en/why-stone-paper/ )?

What I'm saying is: why replacing a bad solution with a slightly less bad solution when you could instead adopt a good solution[1]? Reminds me of those power plants being converted from coal to natural gas "because gas is clean".

[1] e.g. an electronic currency not based on proof of work or, you know, just print on paper, a renewable resource that is not as resource intensive as cotton and certainly better than petroleum based plastics. Hell, I'll even bring compostable bioplastics in the mix of possible solutions. These are all better than cotton and plastic.

Edit: made the comment slightly less snarky in tone. Forgive me it's been a long morning.