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<p>[QUOTE=&quot;ewomack, post: 3555938, member: 15588&quot;]I would love to return to a world run by cash. I miss it. But I think there are too many powerful and influential people pushing electric money for things not to trend that way. As already mentioned, governments love to track purchases for reasons of commerce, profiling and ultimate control. Marketers and advertisers love it for targeting ads or knowing the effectiveness of their campaigns. Banks also probably like dealing with less cash. My bank has already removed all change counters from each of their branches. If I want to cash in coins I have to use my wife&#039;s bank.</p><p><br /></p><p>Cashless societies also work better with fewer income and class discrepancies. More socially equal societies can ensure more equal access to electronic money. Sweden has a much flatter social structure, so going cashless would likely work better there than in countries with egregious inequalities such as the US. The United States&#039; rigid class and social structure will probably ultimately keep it from going totally cashless, because a large section of the economy runs on cash due to large amounts of the population&#039;s lack of access to bank accounts or credit. But perhaps that could even get figured out in time.</p><p><br /></p><p>I think the wealthier parts of the globe will drift towards the cashless side of the spectrum until some kind of power disruption demonstrates the considerable risks and gaps of digitizing everything. What would extended rolling blackouts do to digital currencies? What if one side of the country had access and the other didn&#039;t for an extended period of time? Mobile phones may reduce those risks, but batteries won&#039;t last forever. I guess we&#039;ll see.[/QUOTE]</p><p><br /></p>

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