Cashless society: easy efficiency or a step futher in your enslavement?

in cashless •  7 years ago 

If you look at the corporate controlled media, cashless means good, efficient, progress and easier business.

If all transactions would be cashless:

  • banks get a transaction fee on every transaction,

  • can sell big data on your consumer behavior,

  • monitoring your consumer behavior by the government and corporations through phone use,

  • hacking security risk of your privacy data,

  • if a bank does a bail in you have no reserves outside the banking system,

  • in case of systemic technical trouble there is no alternative, you can't buy food,

  • if you have debt or fiscal issues/claims the account can be shut down.... and then.

Also banks want to ban bigger notes, so you can't take big value in small practical size with you.

So a lot of disadvantages and restrictions on your personal freedoms and choices.

What do you think?

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