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> It is a society that is more brittle This is one of the very serious issues that isn't really on our radar, and is not well addressed in the documentary. Di
by nonrandomstring 4y ago
> It is a society that is more brittle
This is one of the very serious issues that isn't really on our
radar, and is not well addressed in the documentary.
Disclaimer: I am interviewed in this short film, which is why I
submitted it (not really appropriate for a Show HN post). It's a pop
piece so they only used a couple of bites. However, the interview was
over an hour and we went into technical depth on several topics.
Other than the "convenience" being a con for consumers and traders
alike - its main benefit serves the banks profit and the
Visa/Mastercard duopoly will hike transaction fees brutally, far
beyond the costs of any cash - the most serious social issue is
neither privacy nor inclusion but that a "cashless" economy is a
resilience and stability anti-pattern.
The economic stabilising function of a pool of liquid currency
(capacity) in circulation is literally the difference between
gracefully weathering technical crises and all-out civil disorder with
people shooting each other over a loaf of bread. Visa's declared "war
on cash" is criminally irresponsible and naked sabotage of essential
civil technologies honed over centuries to support social harmony.
I was disappointed the editor chose the words "misinformation" rather
than "disinformation" because I think the campaigns being run by banks
are dishonest and corrosive propaganda. Their message belongs in the
same category as malinfluence by hostile nation states.