Cash is so obviously
sad in today's world that there in no need to spend much time on it. The idea that we would use little bits of metal and little scraps of paper to represent value in the 21st century is an obvious anachronism going back thousands of years. But, for the fun of it, let's list some of the disadvantages of cash:
- Cash is easy to lose
- Cash is easily stolen
- Cash burns up in a fire
- Cash is easy to counterfeit
- Cash is easy to launder
- Cash makes things like drug trafficking far easier by making the transactions impossible to track
- Cash is a total pain in the neck (think back to the last time you tried to get a vending machine to accept a dollar bill)
- Cash does not earn interest.
- Cash takes up lots of space
- Cash is difficult to transport (think about armored trucks)
- And so on
We are already in the process of eliminating cash -- it's just amazing that it is taking so long given all of these disadvantages.
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3 Comments:
The destruction of the drug trade. That alone makes it worthwhile to eliminate cash.
In "Robotic Freedome" you gave idea of putting ads on bills. Where will we put them without bills?
I want to end the drugs trade through legalization.
Prohibition gave us the Mafia we have today and you CANNOT eliminate contraban EVER.
Unless you kill all the people first.
Fiat (cash) money is democratic.I can hold greenbacks in my hand. Digital information regarding how much I'm worth only fits in the hands of the powerful.
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