Do you think doing away with cash is a good or bad idea ?

[Notafraidtoo]

39. I think its the future

1.No tax evasion cause every transaction will be recorded big or small.

2.Easy to control government spending due to being almost certain about revenue.

3.Very difficult to run a underground criminal economy cause every transaction is recorded in a central database.

4.Theft will be difficult cause every transaction is on the grid with names attached or account numbers cant hide your credit theft with cash.

5.Almost 0 corruption in any welfare system all transactions are known.

6.It will be the closest thing to economic certainty we can hope for allowing us to accurately measure everything and make people very comfortable with investing.

Now this is extremely radical for today and i think it will be at min 15-20 years before its even considered i would not be for it today with todays tech but its going to be so efficient that its only a matter of time.


It will be a very pro growth anti corruption way of improving our world cash limits us as a society of coarse that is if those forming this system has our best interest in mind and is policed correctly but they will have no choice cause if you mess with our money we don't work we don't produce if it is not done correctly the whole of society will collapse.