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RE: A Preference For Going Cashless

in #money6 years ago

hey @doitvoluntarily, that is really hot topic and I also thought a lot about it. We see on and off action movies, when from being normal ordinary person you may be accidentally involved in anything and be chased. Having no cash you are sucked, all the bank accounts are frozen and you hard earned money gone in a moment. You can be tracked once you use your card to get some cash. Nowadays even some places talking to pay with finger print, can you imagine that place everybody is under supervision, the government know exactly where are you, what you are buying, your every step. I remember in one of the comedy one person was refused a loan because they saw that he buys every day alcohol.

Another bad side of it is when someone hacking into your account via your smart phone that we use so often sometimes for booking or online shopping and your money that way, sometimes you notice it so late. The technology makes it easy not only for consumer but for criminals too.

Living in democratic country I would like to have a right to decide about my finance, if I want to pay cash or card or Crypto.

Again just to this situation recalled a story with Julian Assange, Wikileaks who because of being chased has invested his money in Cryptocurrency which made him more flexible, independent from banks and he made a fortune with it.

What is your own point of view?

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i favor people having the freedom to make their own choice; currency competition.

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