2 ms·
how do cashless transactions require social trust? you trust your bank, I trust my bank, and we don't have to trust each other at all. if you can't trust your b
by fsckboy 3y ago
how do cashless transactions require social trust? you trust your bank, I trust my bank, and we don't have to trust each other at all. if you can't trust your bank, you are SOL.
- madsbuch 3y agoYou trust that your spending habits are not shared with malicious actors. You trust that the government does use your data maliciously. You trust there is a fair dispute process, etc. There are plenty of countries where I would not dare to register certain spends on my card or where the risk of using cards would be considered high.