Digital payments may be convenient; but they are a tool of autocratic technocracy intended to increase surveillance and control of our lives. Digital payments can be denied by the "system" for whatever reason, while cash payments cannot. Digital payments are the chains of slavery. The Chinese are already enslaved. If the Japanese know what is good for them, they will choose to continue using cash.
It’s an interesting perspective. I believe there are pros and cons when a society goes far down the path of digital payments. Having recently travelled in a country which was almost entirely cash based, having to often find a working ATM was an inconvenience, and also in some countries ATMs often charge foreign currency fees that you can’t avoid. Additionally in some societies handling large bundles of cash may be dangerous, and in other such as Japan less so! Thanks for the comment.
Yes, there are pros and cons; but the pros are only nice-to-haves, while the cons give far too much power and control to centralized authority. Digital money, like digital IDs, poses a huge threat to individual freedoms. They're primarily about power and control:
Digital payments may be convenient; but they are a tool of autocratic technocracy intended to increase surveillance and control of our lives. Digital payments can be denied by the "system" for whatever reason, while cash payments cannot. Digital payments are the chains of slavery. The Chinese are already enslaved. If the Japanese know what is good for them, they will choose to continue using cash.
It’s an interesting perspective. I believe there are pros and cons when a society goes far down the path of digital payments. Having recently travelled in a country which was almost entirely cash based, having to often find a working ATM was an inconvenience, and also in some countries ATMs often charge foreign currency fees that you can’t avoid. Additionally in some societies handling large bundles of cash may be dangerous, and in other such as Japan less so! Thanks for the comment.
Yes, there are pros and cons; but the pros are only nice-to-haves, while the cons give far too much power and control to centralized authority. Digital money, like digital IDs, poses a huge threat to individual freedoms. They're primarily about power and control:
https://www.youtube.com/watch?v=rpNnTuK5JJU