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A comment on Physical cash is dying–and you don't need to be a conspiracist to worry. Parent comment

Re:Physical cash is dying–and you don't need to be a conspir... by thaumasiotes on Saturday February 03, 2024 @08:25AM (#39240133)
Yes, if a million poor people lose $1 each, that has the same effect as one guy losing $1 million.
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Re:Physical cash is dying–and you don't need to be a conspir... by croes on Saturday February 03, 2024 @09:23AM (#39240569)
If million people lose $1, nobody cares. If one guy loses 1 million he might cut costs that will affect others.

If people like Musk lose wealth because of sinking stock prices, his workers don't have suddenly more buying power.

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Re:Physical cash is dying–and you don't need to be a conspir... by thaumasiotes on Saturday February 03, 2024 @11:14AM (#39241697)
Something seems to have gone badly wrong in your choice of example - that didn't even involve any money.
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Re:Physical cash is dying–and you don't need to be a conspir... by croes on Sunday February 04, 2024 @12:17PM (#39252160)
It's money just not cash.

Most money is book money and the burning of 1 million doesn't change the purchasing of the people because cash isn't linked to a finite resource like gold.

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