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Hmm, I believe it does. Not in all cases, but in a substantial number of them. I can use cash to buy groceries or a soda at the corner store each day, and whi
by phil21 5y ago
Hmm, I believe it does. Not in all cases, but in a substantial number of them.
I can use cash to buy groceries or a soda at the corner store each day, and while I suppose I'm not entirely anonymous to those parties I may as well be. The grocery store is certainly reporting my cash transaction to the appropriate authorities.
Sure, this doesn't apply for all use cases. However, it applies for a lot of things that currently are tracked by using electronic forms of payment. These spending patterns were simply not tracked on an individual basis until the advent of the shopping club cards, which eventually became redundant due to the use of electronic forms of payment.
The level of tracking from "I take out $400 in cash every payday from the ATM" vs. "I spend it in $10 increments on the following items" is wildy more invasive.