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Cashless societies should never exist - it would be far too easy for rogue governments to turn someone's life off
by scottybowl 8y ago
Cashless societies should never exist - it would be far too easy for rogue governments to turn someone's life off
- acchow 8y agoHow would they stop blockchain transactions?
- auganov 8y agoCashlessness makes it easier to cordon off the official economy from the blockchain/grey economy. That is assuming the blockchain is made illegal. Otherwise, I guess there isn't that much of a problem.
- derefr 8y agoConsider that it’s entirely possible to mandate that POS systems, ending machines, etc. check the serial numbers on your bills against a blacklist. Cash is no refuge if a government wants to turn enough people’s lives off badly enough.
- Animats 8y agoWhich China already does. ATMs which accept currency usually read the serial number.
- amiga-workbench 8y agoYou also have the private companies running these payment services to worry about. Paypal has a horrific track record.
- Dayshine 8y agoOh come now, how do you get hold of enough cash to be immune? Keep 6 months living costs in cash in your house!? Also, if they're turning off your bank accounts, they're turning off your utilities too... And you'll miss your car insurance payments, so you can't drive either.
- michaelmrose 8y agoSome people actually do this. Like most Americans they don't have 6 months of expenses in their house. Instead they get paid and pay their bills.
- omgtehlion 8y ago> keep 6 months living costs in cash Well, I do. Just in case, yknow. But anyway I use cards daily...