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What are you responding to? Cash is anonymous, by and large. That’s a fact, not a fallacy. I’ve never in my life seen any shops track serial numbers of cash tr
by dahart 3y ago
What are you responding to?
Cash is anonymous, by and large. That’s a fact, not a fallacy. I’ve never in my life seen any shops track serial numbers of cash transactions, nor associate them with me. I’m skeptical that anyone does it, but I welcome any evidence of this dubious claim that you’d like to provide. Having your face capture by a camera does not track the bills you used, nor the items you purchased. You’re spinning a mostly false tale.
E-money on the other hand tracks everything you buy, what you buy, when you buy, what you paid, where you bought it, and that information is used to construct a valuable profile of your purchasing habits. That profile is used for advertising. But it could also be used to deny insurance claims. Should be illegal, but I knew someone who worked for a credit card company that informed me they were thinking about how to do this legally.
E-money is tracked on everyone for everything by default, and cash does non of this. It’s insanely expensive for the police to try to trace cash, and they can only do it for one criminal at a time. They do not, and cannot, track everyone’s cash.
Spending profiles captured via e-money tracking are captured by private corporations and they are offered for sale. Any criminal cash tracking by police is used solely for capturing criminal and is otherwise not available to anyone else.
> Modern cash is high technology
Again, who’s even arguing? This is a straw man, the context is digital money. There was no debate about how much technology is used for printing bills.
> Cash, in evolving forms is here to stay
So you say? I’m not going to argue or pretend to make predictions, but one thing we know for absolute sure is that there is a downward trend of cash transactions globally.