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Continuing to use cash should be a national security issue, just like for instance, using open source software is starting to be in some places. Any country tha
by mtgx 8y ago
Continuing to use cash should be a national security issue, just like for instance, using open source software is starting to be in some places. Any country that wants to get rid of cash is just making it easy for future rival nations to cripple its economy with a hack or two.
- atlasunshrugged 8y agoBut why couldn't the government just keep cash on hand in some central location (eg. Fort Knox in USA) and in case of a total system failure have a plan to quickly distribute it across the country. I mean if Amazon can get me socks in 48 hours, I'm pretty sure the govt of nearly any 1st world country could get cash to central repositories in a matter of hours with enough planning.
- HappySweeney 8y agoThis sounds like it would be a complete shitshow.
- PeterisP 8y agoTo whom you'd distribute that cash? If you have some service that can tell that I should have $1000 and which can record that you've given me $1000 which should later be deducted from my account #XYZ, then it implies that you have a fully functional e-payment system which can service most people, so you don't need the cash; and if the e-payment systems aren't functioning, then you can't do this distribution of cash.
- richardknop 8y agoHelicopter cash? So you just randomly give people stacks of cash? Sounds ridiculous and dangerous. Why not just let people continue using cash? Problem solved, if mobile payment systems are hacked and go down, people will still have some emergency cash in their wallet and will be fine for couple of days until gov fixes the hack.