I already mentioned this in the following if you read the rest: > In the case of a stolen wallet with cash, what I lose is what I withdrew. There's a very simple and hard ceiling to the loss.

I was responding to the very narrow use-case of already being at the register and starting to pay, in order to keep the objections relevant.

As you widen the scope to all the negative possibilities and edge-cases, credit cards and electronic payment has more negatives; and I say this as someone who almost exclusively does transactions with credit cards because it's indeed convenient 99% of the time.

But that 1% is what can get a person in real trouble, if they find themselves cashless.