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What are the pros and cons of a completely cashless society?

8 Comments

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8 Comments
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The government can cut you off at any time. Total control of population. Obey or else.

8 ( +8 / -0 )

Cons: All it takes is one good cyber attack for you to lose your cash, no electricity no money, paper trail

Pros: less back problems since you'll only be carrying cards and devices

2 ( +3 / -1 )

A completely cashless society:

Pros: All buying and selling is much fast and smooth to any customer, client or the dealers. Card companies bubble economy starts.

Cons: Black out of electricity from natural disasters cause the useless the monetary cards where cash is needed.

1 ( +1 / -0 )

Pro: Convenience

Con: For the first time in history all our transactions will be done through a third party who can deny you service if they don't like you, don't agree with your politics, your social media post etc. Total dictatorial control. No thanks.

3 ( +3 / -0 )

Increasingly sophisticated scams devised to part you from your money. By scammers and rampant capitalism.

5 ( +5 / -0 )

Not so easy to give a tip. That’s both a pro and a con.

1 ( +2 / -1 )

all pros no cons

> Not so easy to give a tip. That’s both a pro and a con.

that's a pro mate

-1 ( +0 / -1 )

One click is enough for Tons of Con.

0 ( +0 / -0 )

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