cash (Main Board)

by ,ndo, Shit for brains, Sunday, July 26, 2020, 03:01 (15 days ago) @ SureThing

I remember the bail-in. That was the clearest example of why a cashless society must not be permitted to happen.

If cash exists, we have the option of converting our bank balance into cash. Ultimately, we have control over our saved money.

If cash does not exist, there is no way to store our saved money except in a bank or other institution, and they have control of it and we do not. And as in Cyprus, they can steal our money if they choose, and we have no recourse.

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