TexasCHLforum.com

Look at how few 'secure' electronic services have NOT been hacked or taken down by a malicious attack. IMO, a 'cashless' system would be akin to leaving your money out on the sidewalk. No way to keep it secure.

And some economists have been talking about negative interest rates that could be coming. So you would have to pay the bank to keep your money. The only way people wouldn't withdraw every cent the minute it's deposited would be if the banks held control of it.

Another CON. What happens when, as we saw here after hurricane Ike, the power is out for an extended period? So nobody can buy food, fuel, water, nothing. What are you going to do about that?
And as big as Texas is, I'm sure there are plenty of places with no, or spotty, web access. How are you going to do a transaction in a remote area?

But for the megalomaniacal statists, it's a wet dream. The ultimate in control of the populace.