this post was submitted on 25 Oct 2024
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I'm sorry but I don't support a cashless society. Banks and Government overreach too much even now, let alone in a future cashless society.
And aside from that, there's also cybersecurity, connectivity issues, and privacy to consider.
Anyone remember computers going down everywhere at Coles, Airlines and Banks a couple of months ago due to a dodgy software patch? No cash means everything stops.
https://www.theguardian.com/australia-news/article/2024/jul/20/microsoft-it-outage-australian-airlines-banks-and-supermarkets-begin-return-to-normal-operations
I totally agree. There need to be options and alternatives for consumers; we are supposed to have the power, they are supposed to be courting us and enticing us, not dictating from upon high how things are gonna be around here, dammit!
As a side issue. Miniest was given a 5c piece in her weekly pocket money instead of a $2 coin from her Nan, and I was explaining how a blind person would not make that mistake (thickness, weight and side ridges of the coins). I suddenly thought, wow, the potential for blind people to be mercilessly ripped off in a digital world is utterly terrifying. What are they tapping at, what does it display? Was the correct information entered?What about card skimming devices and fake QR codes? Terrifying.
Excellent point that I'd never even considered.