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You may be reading "crap hits the fan" as something massive, like a collapse of the banking system. I'm not the OP, but I can also read it as "crap hits the fa
by fipar 7y ago
You may be reading "crap hits the fan" as something massive, like a collapse of the banking system.
I'm not the OP, but I can also read it as "crap hits the fan for me", and this makes it simple to imagine ways in which a person can lose access to digital payment (by theft, by being blocked by the bank for whatever reason, etc.) and if this happens, life would be difficult on a cash-less society until this access is regained.
Just imagine if you're accidentally identified as a financial supporter of terrorism or something like that, and your bank accounts are blocked. How would you buy even basic necessities if cash is not allowed?
- mellavora 7y agowhich can and does happen.
- 2rsf 7y agoWhile this might happen what do you suggest as a way to mitigate the risk ? there a practical limit to how much cash the average person can hold at home.
- matz1 7y agoPeople can lose access to cash too, by theft or whatever. >Just imagine if you're accidentally identified as a financial supporter of terrorism or something like that, and your bank accounts are blocked Then make it illegal for bank to block your account or whatever. Sure, digital payment has its issue but why not fix the issue instead of going back to cash.