Archived IMF Confirms That It Wants to Remove All Cash From the Global Economy - Bitsonline (bitsonline.com)
submitted ago by daskapitalist
Posted by: daskapitalist
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Archived on: 7/26/2017 10:00:00 AM
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Archived IMF Confirms That It Wants to Remove All Cash From the Global Economy - Bitsonline (bitsonline.com)
submitted ago by daskapitalist
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[–] Xantha 1 point 1 point 2 points (+2|-1) ago
Bitcoin doesn't really have widespread adoption by people that aren't fairly tech savvy.(The overwhelmingly vast majority of people aren't that savvy or they don't care) Bitcoin and its derivatives will have their place of course, but it will be along side all the other supplement methods to move cash around without being tied into the 'system'. The introduction of a cashless society will simply mean there's going to be an extra step now to convert things back and forth/in and out of a cashless system. But a cashless system ultimately won't do anything stop those kinds of transactions.
There are long established methods of moving vast sums of money around without actually using cash. As an example: drugs, weapons, and even human beings have long been for sale without the need for cash (although preferred obviously) and/or participation in the government approved system.
The only thing a cashless society will do is add extra steps to transactions if you don't want people to spy on everything you do.