this post was submitted on 21 Aug 2023
180 points (75.3% liked)

privacy

31 readers
1 users here now

Rules (WIP)

  1. No ad hominem allowed
  2. Attack the idea, not the poster

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
180
Some people still care about privacy, fight against the cashless society! (monero.town)
submitted 1 year ago by [email protected] to c/[email protected]
199 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] FooBarrington 3 points 1 year ago

This is because the system hates cash and has erected all types barriers and inefficiencies when handling cash.

No, it's because handling cash is literally freaking expensive. You have to transport it (and especially coins can weigh a lot), you have to secure it on location and during transit (those bank transports are not cheap), you have to count it, you have to handle damaged money, ...

Cash is expensive. It's not "because the system hates cash", it's because it's a physical thing that has to be physically handled.