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What was that whole thing about a "cashless society" again? What happens when a major rival actually attacks your cashless society?
by mtgx 8y ago
What was that whole thing about a "cashless society" again?
What happens when a major rival actually attacks your cashless society?
- yzmtf2008 8y agoYou build a better cashless society. We don’t go back to pre-PLC controlled industrial era just because they can be (and have been) attacked.
- kossTKR 8y agoYeah i don't know why people are downvoting you. A new Carrington event, which is actually long overdue, or an unexpected cyber attack from China which i also don't find impossible to imagine in the next decades and society is at an absolute standstill. Off course more important problems would probably arise before. But reflecting on the sustainability of microchip-society in times of outage is healthy. Crash, Bang and suddenly everyone is 3 meals away from slaying their neighbour.
- nickpsecurity 8y agoFrom what I read, the Carrington opportunities did happen but the Sun's blasts missed us too many times to do the damage. We got super lucky.
- sbov 8y agoIf you only stock 3 meals at once, you have a much more likely problem on your hands: natural disasters.
- SketchySeaBeast 8y agoSame reason I don't trust cash at all and only trade in goods, services, and jaunty tunes. The value of a dollar could disappear at any moment!
- frockington 8y agoYou also shouldn't be holding goods as those can be stolen and services can always be done cheaper. Jaunty tunes are the best investment one can make
- zhte415 8y agotl;dr When infrasructure of electronic fund transfer becomes unavailable/illiquid, the velocity is M2, unsterstandably, plummets. Correspondingly, the velocity of M0 shoots through the roof like a rocket on the way to Pluto. In the meantime, CPI goes crazy and because of limited M0 barter becomes the main form of transaction. And in this type of event, there probably isn't a local bitcoin chugger able to mine u a coin or verify a transaction.