A Cashless Society
from A Pilgrim’s Odyssey Hosted by Silouan Green
I came across an article today on uncanceled.com about how the gradual replacement of physical cash with pure digital currency is not only erasing any degree of financial autonomy we may have, but it could be the last step in completely erasing any notion of personal privacy. Technology is being developed that would scan your face as you entered a store, it would then access all of your financial and personal data, and that would determine what you were eligible to purchase. Can it get any more big brother than that? What if being “cancelled” on social media became being “cancelled” in commerce if you didn’t hold the correct political and social views? We are closer to this than you may think. If banks got rid of cash in ATMs and Bank branches, cash would disappear very quickly and you would be forced to go all digital, and to carry whatever mark they want you to in order to buy and sell. Sound familiar? We deserve it though. Our consumer society has been our downfall. It has taken our eyes off of the things that matter and has allowed us to be led by credit cards, interest rates, 401ks, and all sorts of shiny things.
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