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Dystopian future here we come! Cashless seems cool until you realise one day they decide to turn off your access to money, or tax you more based on your spendin
by ekianjo 2y ago
Dystopian future here we come! Cashless seems cool until you realise one day they decide to turn off your access to money, or tax you more based on your spending pattern. The possibilities for abuse are endless so it WILL be abused.
- lores 2y agoDon't start me. Besides that, there's the fact that card-only is giving free rein to the boards of MasterCard and Visa to decide what's effectively legal; it's already the case in the adult industry, where the card companies have enacted rules for performers, production and distributors. No agree, no money. What happens if the next CEO is an evangelical Christian? And of course cashless makes it hell on those without bank accounts, like the homeless and immigrants, those who rely on informal employment, and the general outskirts of society. There are prepaid cards, but they require ID checks and often fees which they can hardly afford. That will make many rely on informal banking from loan-shark types. And last, the banks see everything. I worked for a bank. I definitely don't want those people to have all the data that matters on everyone.