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RE: Australia Is Going Cashless! - This Will NOT End Well
Australia doesn’t have any “black economy” … the GST did away with it - remember?
I know cash is messy - likely plays an essential role in building social and individual immunity - but I’m interested in the way that banks have become woven into each and every transaction in the land.
It gets to looking like privatising the currency - renting it to serve as the medium of exchange in each and every transaction - with a tiny barely noticed tickle on the way through.
I know you digital fellas are understandably entranced by the gadgetry and the undeniable brilliance of it all - but there are some significant issues about who and what directs this software practice down deep… whose interests it serves.
Cash is legal tender, and in my pocket, I control and own it. In a cashless world you will be suspected of sidestepping for your comments on Steemit and they will shut your account. I don't like it.
Yes it will make it much easier to control the peasants if you control all the spending.
Personally I am sick of the free hit this gives the banks. They get our pay before we do and profit from it too. Then they charge us to borrow OUR money.
You don't have to worry. https://www.getpaidinbitcoin.com.au/