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Why We Should Fear A Cashless World (theguardian.com)

An anonymous reader writes: Dominic Frisby writes with a very interesting, albeit heavily opinionated, article from The Guardian discussing why we should all fear a cashless world. He argues "it will hand yet more power to the financial sector in that banks and related fintech companies will oversee all transactions." Every payment you will make will be traceable. While inequality is already a problem, it may be exacerbated even further in a cashless society. Frisby writes, "Cash, on the other hand, empowers its users. It enables them to buy and sell, and store their wealth, without being dependent on anyone else. They can stay outside the financial system, if so desired."

2 of 388 comments (clear)

  1. Fiat currency is doomed! Doomed I say! by Tenebrousedge · · Score: 0, Troll

    Found the gold bug!

    Remind me again, was it the Illuminati or the Lizard Men who took us off the Gold Standard?

    --
    Those who advocate genocide deserve every protection afforded by law, and none afforded by common human decency.
  2. Re:Be paranoid by TapeCutter · · Score: 1, Troll

    Government is a business

    Yes, keep believing that, and when the US elect Trump as CEO it will finally have the government it deserves.

    --
    And did you exchange a walk on part in the war for a lead role in a cage? - Pink Floyd.