Re:More phones, few banks, instability are transforming Soma...
by frik on Sunday February 28, 2016 @03:10AM
(#11190289)
>> Cash is freedom. No one spies on what you do with your cash money.
> You need to physically visit the other party, so it isn't black and white necessarily the best option.
Some parties, want to limit cash or downright forbid cash. Then there is no option anymore, think about that. I am all for options and fine with electronic money for web transaction, but removing cash from our society would be a very very bad move. That would lock us in to banks and telecom companies and states. No freedom. Not good.
You need to physically visit the other party, so it isn't black and white necessarily the best option.
> We can see already with the encryption trojan programs that ask for Bitcoins/altcoins to decrypt your data - something like that wouldn't be reasonable and work on a large scale with cash.
Before Bitcoins, it was possible by using wire transfers. This only won't occur if you have a fictional purely cash society.