A fully cashless society would make the entire world vulnerable to an EMP attack or a rogue solar flare that disables most electronics.
A fully cashless society would make the entire world vulnerable to an EMP attack or a rogue solar flare that disables most electronics.
I can go months without using cash. I never carry it. The only time I use it is when I want to transfer money without a paper trail to the anonymous Visa cards you can buy at the post office here.
Who uses cash any more? The market wants you to go cashless not the government. The government isn't inventing new types of tap and go payment systems hand over fist.
I don't know anybody who uses or carries cash. Its been that way for over ten years.
Even on a gold standard nobody is actually going to take gold to a store. Even if it was a gold currency and not a gold standard everyone would deposit their gold at their banks and and trade digitally.
EMP hardening is pretty easy. All the banks and telcos here did it a long time ago. Most POS system would be relatively immune. If somebody actually tried to launch an EMP attack against New Zealand we would have much bigger problems than having to run our stores on pen and paper.
Last edited by idiom; 02-18-2012 at 01:26 PM.
Stop the Looting and Start Prosecuting! Gold plated Tungsten IS Money!
We Must Dissent A colher não existe.
A government is just a body of people, notably, usually, ungoverned.
"You mean this entire war started because The Empire dressed as the enemy? That's exactly what happened in the last major war! Our government is so stupid!"
The Bible says it will eventually happen.
"And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name."
-Rev 13:16-17