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Re:Israel bans use of cash for purchases larger than NIS 6k ... by Kukumber on Friday July 29, 2022 @07:36PM (#32282893)
I predicted it few years ago, we are headed towards a cash less society

That's the natural evolution of the economy anyways, optimizing energy, resources and usages, no waste, no trash

Money only just an agreement between parties, as long as we agree, then we don't need money anymore

Social contract, as long as you are part of the community (it'll end up being worldwide), you'll receive everything you need (universal basic income), unemployment, crime, poverty, diseases, all will disappear

Optimizing energy for finally sailing in space, and engage with space exploration, meeting with our advanced neighbors

Re:Israel bans use of cash for purchases larger than NIS 6k ... by imtringued on Friday July 29, 2022 @08:28PM (#32283193)
>Money only just an agreement between parties, as long as we agree, then we don't need money anymore

The entire point of the modern banking system is to intermediate between people that are separated by time and distance and who may not know each other.

Re:Israel bans use of cash for purchases larger than NIS 6k ... by hammyhavoc on Saturday July 30, 2022 @02:59AM (#32284906)
You honestly believe crime, poverty and disease will disappear due to this? Lol.

I pre-emptively welcome you to a new era of cybercrime and social engineering like never before. Likewise, until people stop living on top of each other in cities, sharing mass public transport, disease is going nowhere.

As for poverty, well, digital money means that John Doe in the gutter likely isn't going to be getting any donations from kind strangers in the form of cash anymore, and likely isn't going to be able to spend anything without a device, or a fixed address. Prepare to see a surge of crime in that case.

"Oh but we'll give people UBI". You really think so? The cost of living crisis in the UK says otherwise.

Re:Israel bans use of cash for purchases larger than NIS 6k ... by Kukumber on Saturday July 30, 2022 @06:10AM (#32285591)
i don't believe, i extrapolate and i predict
Re:Israel bans use of cash for purchases larger than NIS 6k ... by ramphastidae on Saturday July 30, 2022 @12:18PM (#32287950)
> That's the natural evolution of the economy anyways, optimizing energy, resources and usages, no waste, no trash

I don’t think there’s any evidence in the least.