> Carrying cash is exactly how you lose it all to police corruption, sometimes called civil asset forfeiture.
If you have police seizing assets for bad reasons, allowing them to automate the process is going to make things worse, not better.
Not to mention that accounts can also be locked (at least temporarily) via software bugs, overzealous security processes and identity theft, all of which happen all the time. Cashless society is a horrible idea on so many separate levels I'm not even sure why this debate is happening.
It's not like having cash prevents you from also having a bank account and cards. No, we're debating something that's a pure reduction of personal choice.
yep. I really like the system we have in Poland, where you have a full choice. You can live entirely cashless or cash only or hybrid.
You can pay any utility bill with instant transfers using a few clicks or with cash by visiting any post office where they wire the money to the service provider on your behalf.
Having options is always better than not having options and with our history of authoritarian governments who loved confiscating citizen's assets, I hope the current financial system stays as is.
If you have police seizing assets for bad reasons, allowing them to automate the process is going to make things worse, not better.
Not to mention that accounts can also be locked (at least temporarily) via software bugs, overzealous security processes and identity theft, all of which happen all the time. Cashless society is a horrible idea on so many separate levels I'm not even sure why this debate is happening.
It's not like having cash prevents you from also having a bank account and cards. No, we're debating something that's a pure reduction of personal choice.