Reply #4: Go find the Max Headroom episode that showed what happens in a cashless society.

[Captain Angry]

You get chosen to stop existing, and you're done.

Edison Carter had his credit rating zeroed, which meant he couldn't buy anything, his landlord locked him out, etc.

If you have no method of trade thanks to a cashless transaction system, you starve to death, outdoors.

You can't barter items you can't get to because they've been seized. You can't mooch off of your family because your family will just have its credit zeroed.

Rinse, repeat.

The aid to business is not worth the potential abuse.