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In a World Without Cash, Every Payment You Make Will be Traceable

posted by Fnord666 on Friday July 21 2017, @08:04PM   Printer-friendly
from the black-market dept.

canopic jug writes:

With many countries already heading towards cashless transactions, we are facing some hard decisions. These decisions will be made whether we ignore them or not, so to have a say it is essential to be active. These are not new issues, but they are quickly approaching. Dominic Frisby at The Guardian is the latest to take up some of the pertinent questions around the move to a cashless society.

Poor people and small businesses rely on cash. A contactless system will likely entrench poverty and pave the way for terrifying levels of surveillance.

Source: Why we should fear a cashless world

Original Submission

 
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  • (Score: 3, Interesting) by Lagg on Friday July 21 2017, @08:54PM (1 child)

    by Lagg (105) on Friday July 21 2017, @08:54PM (#542566) Homepage Journal

    Haven't other countries proven that doing that shit to the government employees - even if willful and compliant - does the opposite of making an example? If people start thinking they'll get shot because other people don't like them they start doing their own stockpiling. But yeah I avoid carrying too much cash for similar reasons. Plus no reason to have more than a few 20s in your wallet.

    In any case, people still need to buy an ounce of heaven's manna every now and then. Closest those have gotten to cashless is integrated ATMs or ATMs directly in a shop. The government itself needs to buy metric tons of illegal (by their own will) drugs or drugs that kill people. And also must accept payment from other such entities. Plus gun running. Plus the "let's just throw bricks of money at it" solution like with the palettes. You can only do so much with those magical "black" accounts before it gets obvious that money isn't put somewhere it should be.

    I honestly think the government finds cash more important than we do still.

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  • (Score: 1) by khallow on Friday July 21 2017, @11:23PM

    by khallow (3766) Subscriber Badge on Friday July 21 2017, @11:23PM (#542626) Journal

    You can only do so much with those magical "black" accounts before it gets obvious that money isn't put somewhere it should be.

    You can hide a death star in those "black" accounts in the US. So it's not a serious problem for the US.