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Return to “BBC's "The End of Cash". Pros & cons of ending cash.”

by Acronym Esq
Sat Oct 01, 2016 7:09 pm
Forum: Off-Topic
Topic: BBC's "The End of Cash". Pros & cons of ending cash.
Replies: 35
Views: 5948

Re: BBC's "The End of Cash". Pros & cons of ending cash.

Really thought provoking idea.

Con: Difficulty in proving abuse of the system. There are plenty of legal companies that have been denied banking services due to political pressure (guns, knives, vape, gambling, porn, etc.). The problem is that it's very difficult to prove why the transactions just suddenly stopped working. S/he said after the fact is impossible to prove.

Con: Pretty sure my credit card gets an extra 3% of every transaction. Why not add 3% to the cost of your ticket (wait, that's ticket master)?

Con: Wells Fargo. How are there no criminal charges for charging people for services they did not request or authorize?

IMHO, the argument of getting rid of cash as an instrumentality of crime is identical to the argument for getting rid of guns. Criminalizing the instrumentality does not stop crime, but it does punish the law abiding.

Acronym 10/1/2016 8:13 PM

Return to “BBC's "The End of Cash". Pros & cons of ending cash.”