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How do you feel about living in a cashless society?

The Federal Reserve came out today to say that new cash will not be given out at banks, for Christmas. First the coinage shortage and now the paper money. Tracking and control? All this BS, needs to stop and now but so many do not understand or care.

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hartfire

Potential risks.
Increasing loss of privacy; financial data is hackable.
Inability to prevent hacker fraud; there is no lock that can't be picked.
What happens when a storm destroys power lines and the electricity drops out?
The most disadvantaged, those who have no bank accounts, would have no means of buying food and essentials.

Potential pluses.
Money can carry and transmit Covid and other future viruses.
Paywave or mobile phone payments allow safer hygeine.

Alternatives.
Barter systems are great, but often difficult to create agreements on exchanges.
LETS (Local Exchange Transaction Systems) require someone to bankroll the fundamental asset, or very high levels of trust and cooperation.