cross-posted from: https://links.hackliberty.org/post/2932106
Image Transcription:
WHAT WILL A CASHLESS SOCIETY MEAN?
THE PROS
CONVENIENCE — THERE WILL NO LONGER BE ANY NEED TO CARRY CASH AROUND
THE CONS
EVERY TRANSACTION YOU MAKE WILL BE TRACKED YOUR SPENDING HABITS CAN BE LINKED TO YOUR CARBON FOOTPRINT
YOU WILL ONLY BE PERMITTED TO SPEND ON THINGS THE GOVERNMENT APPROVES OF. THINGS THAT ARE DEEMED TO BE LUXURIES — MEAT, FUEL, TRAVEL — CAN BE RESTRICTED
YOUR MONEY CAN BE PROGRAMMED WITH AN EXPIRY DATE — IF YOU DON’T SPEND IT BY A CERTAIN DATE, YOU’LL LOSE IT
THERE WILL BE NO ‘BLACK’ ECONOMY. IT WILL NOT BE POSSIBLE TO AVOID TAX, BUT THEN YOU WILL NOT BE ABLE TO GIVE POCKET MONEY TO CHILDREN OR GRANDCHILDREN AND NEITHER WILL YOU BE ABLE TO BORROW OR LEND MONEY TO FRIENDS WITHOUT THAT BEING TAXED BY THE GOVERNMENT
PARKING AND SPEEDING FINES WILL BE TAKEN AT SOURCE, WITHOUT THE POSSIBILITY OF CHALLENGE AND POSSIBLY EVEN WITHOUT YOUR KNOWLEDGE
IF YOU PROTEST THE ACTIONS OF THE GOVERNMENT, YOUR MONEY CAN BE SWITCHED OFF. IF YOU THINK THAT’S UNLIKELY, IT’S ALREADY HAPPENED TO TENS OF THOUSANDS OF CANADIANS WHEN THEY PROTESTED AND IT ALSO HAPPENED TO A BRITISH JOURNALIST
A CASHLESS SOCIETY MEANS THE END OF HUMAN FREEDOM
IF YOU WANT THAT, DO NOTHING
IF YOU DON’T, THE FIRST THING YOU MUST DO IS RESPOND TO THE GOVERNMENT’S PROPOSAL ON DIGITAL ID, UPON WHICH A CASHLESS SOCIETY MUST BE BASED
https://www.gov.uk/government/consultations/draft-legislation-to-help-more-people-prove-their- identity-online/consultation-on-draft-legislation-to-support-identity-verificat
Image Credit: Brett Scott
sorry, I don’t follow your conclusion. Except if you are afraid of price manipulation, which I understand, but that should equally affect your money stored at the bank too
my reasoning is that we already have it, and it’s already widely accepted as a valuable, while it’s basically untraceable and so private, and also cannot really be selectively revoked or marked “dirty” as it is with shitcoins (yeah, I called bitcoin a shitcoin)
Oh, I don’t like money at a bank either. Because you’re right, they can both be manipulated. The only difference there is that the money at the bank can be revoked at any time for any reason, because it’s not actually yours. It’s just an IOU that they conditionally can revoke where the cash is not. So I would take a Monero any day over a follar. Offer me a dollar or Monero, and I’ll take the Monero.