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Re: Contactless cards and the future of cash
Quote:
Originally Posted by Chris
But they can do this already. It is functionally impossible for you to maintain a normal, 21st century British lifestyle while spending only cash. You have to interact with the financial system, and someone 'in control' and with malign intent could already make that very difficult for you.
Cash is in reality now only used for small purchases and there is little more an oppressive regime can do to you by interfering with that, than it could already do by interfering with the systems by which you pay for transport, housing, insurance and utilities.
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True but with cash it is possible to "go underground" and use cash. You could even sell stuff to get cash to buy other stuff. Without cash that becomes a whole lot more difficult.
With cash "dishonest" traders could accept cash at a premium because they can use cash too.
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