Why We Should Fear A Cashless World

[guninski@guninski.com (Georgi Guninski)]

On Wed, Mar 23, 2016 at 02:01:55AM -0400, grarpamp wrote:
> http://www.theguardian.com/money/commentisfree/2016/mar/21/fear-cashless-world-contactless
> https://en.wikipedia.org/wiki/Operation_Choke_Point
> https://news.slashdot.org/story/16/03/22/2154231/why-we-should-fear-a-cashless-world
>


I think bigger problem is that most of the "money" actually doesn't
really exist. It is just made up numbers stored somewhere.

Cash is small fraction of all money.

Possibly the easiest way to change the system is enough people to
withdraw cash -- the domino effect will take care of the rest.
This will have grave consequence for people and likely won't hurt
oligarhs.