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Re: Contactless cards and the future of cash
Quote:
Originally Posted by 45rpm
Perhaps you could help me (us?) understand and list even one thing that you have purchased that you would want to keep private. In other words, what is it that you buy that would embarrass you if the authorities knew?
As for controlling your spend - I am totally lost.
Sure, if you're dealing in dodgy cat-converters, I can understand your point. Otherwise, please explain. Thanks.
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Once cashless it becomes possible for someone "in control" to prevent you buying or selling. They could monitor what you buy and sell, where you do it.
Again it's not the powers now that would be a concern but what a future regime could do if the tools and mechanisms are in place.
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