It sounds downright Orwellian. The government, its banks, payment processors all having the ability to instantly lock you out of the economy and watch your every transaction, leaving you totally out of options should you get on their bad side?

That just sounds like another building block in the surveillance Panopticon, psychological assurance that you'll never become dissentious because your continued existence in the economy essentially depends upon the state's grace. It changes the way people act, and even the way they think. It's the disturbing new reality that Snowden, Greenwald, et al. have sought to do something about, and here Swedes seem to be embracing it openly.

It sure sounds like this service could offer some great conveniences to daily living, but is it worth such a heavy price? The erosion of the will to dissent, and the power of the individual over their own lives? Are these an acceptable trade for the comfort of never having to see a coin again?