Electronic money already makes up a significant amount of global ‘money’. Indeed, some sources say the amount eclipses actual (i.e. fiat money).
It looks like the collapse of money as we know it will happen soon within our lifetime. Of course there’s a fair amount of prepping to do on the population in the build up.
Loyal to the rotten UK establishment as ever the lamentable BBC obliges.
h____ttp://w____ww.bbc.co.uk/news/magazine-18401164
(remove the underscores for the actual link)
Although totally bogus, fait money – the notes in your pocket today – does still have one virtue. It allows anonymous transactions. Anonymity as applied to individuals is an essential element of a healthy society, and of course this extends to financial anonymity (within honest norms of course) and when that finally goes, heaven help us from the monster of a government and society that will result.
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Because cash is only used by pot-smoking strip-club goers who deal with small businesses (in the US, it’s gotta be BIG) and buy (cancer inducing) cigarettes, eat candy bars(rot your teeth and cause diabetes) and ‘hate’ (credit cards), involve themselves in inconvenience and employ unregistered (read illegal) workers.
You evil cash users you!
Does David Wolman (in his spare time when not doing voice-overs for the Alvin and the Chipmunks) have a state in this technology? No, I’m not sure either, it was silly to expect the BBC to declare any interest Wolman may or may not have had in it.