Australia's largest stock trading and investment forum Australia's #1 stock forum

Cashless Australia. I'm alarmed, page-50

First 50 Last

Share
Profile

Follow
AntN

29,490 Posts.

33

31/03/23

16:56

Post #: 67073095
Share

Originally posted by pintohoo ↑

I would hazard a bet that a government, if it were so stupid - as to ban cash

will find out to it's distaste - that it will lose control of currency

I'd bet that people will use a currency - they will invent their own.

there's many examples of currency being invented by people who have needs for trading things

I worked in one area where cigarettes were the currency. No cash required.

Transferred/representative value currency is not as old as barter - but, it's very old. I would doubt if a society would just capitulate thousands of years of culture away - just like that.

governments are really playing with fire here if they think they are going to ban cash - for the purpose of control. Control of money laundering or whatever they think they are trying to do.

People will find ways around it.

the problem of things like money laundering and tax avoidance etc. -------- would be nothing in comparison to the total disruption in society if cards and phone taps go down because of network loss

Expand

too true, 0s and 1s on a computer don't even exist.
2 Upvote

Reply

Top Stories

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

NXM

Drilling at Bethanga shows signs of Cu-Au porphyry system for Nexus

NIM

Nimy extends sulphide targets at Mons with new anomalies identified

SFX

Sheffield Resources achieves milestone production, shipments at Thunderbird, WA

There are more pages in this discussion • 19 more messages in this thread...

First 50 Last