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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: 0) by Anonymous Coward on Friday July 21 2017, @10:30PM (1 child)

    by Anonymous Coward on Friday July 21 2017, @10:30PM (#542606)

    Because until absolutely every last place is logging every transaction, the partial trail is pretty useless.

    "This bill you got out of an ATM last night was used for something illegal the next day."
    "I owed my booky and paid him that night."
    ...

  • (Score: 1) by khallow on Friday July 21 2017, @11:27PM

    by khallow (3766) Subscriber Badge on Friday July 21 2017, @11:27PM (#542627) Journal

    "I owed my booky and paid him that night."

    "I was walking around town last night and had a couple of loose 20s in my pocket. They must have fallen out somewhere.