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Posted 07/08/2012 10:43 pm
Having people being forced to use digital money won't stem the flow of illegal activities. Ban anything and you'll have a black market overnight.
For me, I prefer the interation and trust between individuals to make business. At an ATM if there's an error made there's no one at whom I can point the finger. And if power goes out then so does our ability to do business if we're forced to use digital money. It will be a hard lesson when we come to it, but business is the exchange of one thing for another, not a bunch of bytes and 1s and 0s that can be hyperinflated at the stroke of a key, and all while holding the world ransom.
For me, I prefer the interation and trust between individuals to make business. At an ATM if there's an error made there's no one at whom I can point the finger. And if power goes out then so does our ability to do business if we're forced to use digital money. It will be a hard lesson when we come to it, but business is the exchange of one thing for another, not a bunch of bytes and 1s and 0s that can be hyperinflated at the stroke of a key, and all while holding the world ransom.
