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Cashless society?

JerryBobCoJerryBobCo Senior MemberPosts: 7,939 Senior Member
I typically use cash for small purchases and restaurants.  Other than that, it's credit cards and my debit card.  I use internet banking to pay my entire credit card bill every month so I don't get into debt to them.  I also use my debit card at my bank's atm machine to get cash.

My pay check and SS payments are done via direct deposit into my bank account.

I hate writing checks, and rarely do.

So, in effect, I probably already operate on at least a 90% cashless basis.

In some cases, it's a lot more hassle to pay cash than to use a credit card.  I don't recall the last time I bought gasoline with cash.  I pay at the pump with my credit card.

I know some who will buy a fountain drink at the local 7-11 with a card.  No doubt there are those who carry little or no cash.

HOW SCARY IS THAT?

As a country, we're almost cashless as is.  Some stores no longer accept cash, and have even used the corona scare as justification.  What do you think would happen if cash was "discontinued"?

What if your bank's computer goes down, and can't process debit card purchases?  What if your credit card company's computers do the same and can't process your credit card purchases?  How are you going to pay for stuff?

Even more sinister, what about a deliberate action by the government, in conjunction with the banks and credit card companies, to freeze accounts or limit how much of one's money one can spend, or what it can be spent on?  At the very least, it would be damn easy to trace every purchase someone makes, if it's not already being done.  Talk about too much information!

Someone please tell me I'm just being paranoid.  Please!
Jerry

Gun control laws make about as much sense as taking ex-lax to cure a cough.
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Replies

  • zorbazorba Senior Member Posts: 23,660 Senior Member
    Its not paranoia if they're out to get you. I seldom use cash either - might as well get that kickback from the credit card.
    -Zorba, "The Veiled Male"

    "If you get it and didn't work for it, someone else worked for it and didn't get it..."
  • GunNutGunNut Posts: 5,779 Senior Member
    edited July 16 #3
    You are being absolutely paranoid.

    There was a time in my life that if I didn't have $200 in my wallet I felt naked!  This was drilled into my head by my dad and grandfather since I was a kid.

    Nowadays, unless I am FORCED TO because someone requires a very specific cash payment (private local gun sale), I operate 100% cashless.  Can't remember the last time I even used an ATM.  I've probably had the same $50 in my wallet for over two years now and for the life of me I can't even figure out why I have it.

    Your bank's computers do not really hold your cash.  The system is so HIGHLY backed up in "the cloud" with so many robust layers of redundant security and checks and balances that the probability of it going dark is just about non-existent.  Your data is all over the world in MANY, MANY, MANY places.  Needless to say this is by design.  Is there crime and leakage?  You bet your ass.  That's accounted for too.

    Everyone already knows what you buy.  If you use credit cards it is reported and any small blanks are filled in by trends analysis and artificial intelligence.  Every piece of raw material is tracked through production, manufacturing and distribution from its raw source through consumption.  There are no real blanks left in the chain.

    The whole thing is money/profit driven and there is ZERO point to shutting any part of it down by design.  It would only damage the "companies" that make a living at it and that includes the government.  It is in EVERYONES best interest to keep it open and flowing, including countries with highly regulated citizenship.  If you don't see it in China, why would it ever happen in the USA?

    MAYBE in the future you'll see quotes or allocations of goods, but now we are talking Mad Max post apocalyptic crap and at that point who cares.  For now I just enjoy the freedom of not having to go to the bank to "cash a check" as I used to do in the pre-ATM days...  :D
    Old West Saying: God created men, but Col. Sam Colt made them equal.

    General George Patton:  “Watch what people are cynical about, and one can often discover what they lack.”

  • earlyagainearlyagain Posts: 6,749 Senior Member
    I keep some for emergencies.

    I figure. Maybe wrongly? If everything goes dark. What good will the cash be? Life supporting retail supply depends on the same systems all my income and assets are contained in. Yes/no???

    We could burry gold in the backyard, but what value will that have???
  • DrawbarFlatsDrawbarFlats Posts: 776 Senior Member
    I typically use cash for small purchases and restaurants.  Other than that, it's credit cards and my debit card.  I use internet banking to pay my entire credit card bill every month so I don't get into debt to them.  I also use my debit card at my bank's atm machine to get cash.

    My pay check and SS payments are done via direct deposit into my bank account.

    I hate writing checks, and rarely do.

    So, in effect, I probably already operate on at least a 90% cashless basis.

    In some cases, it's a lot more hassle to pay cash than to use a credit card.  I don't recall the last time I bought gasoline with cash.  I pay at the pump with my credit card.

    I know some who will buy a fountain drink at the local 7-11 with a card.  No doubt there are those who carry little or no cash.

    HOW SCARY IS THAT?

    As a country, we're almost cashless as is.  Some stores no longer accept cash, and have even used the corona scare as justification.  What do you think would happen if cash was "discontinued"?

    What if your bank's computer goes down, and can't process debit card purchases?  What if your credit card company's computers do the same and can't process your credit card purchases?  How are you going to pay for stuff?

    Even more sinister, what about a deliberate action by the government, in conjunction with the banks and credit card companies, to freeze accounts or limit how much of one's money one can spend, or what it can be spent on?  At the very least, it would be damn easy to trace every purchase someone makes, if it's not already being done.  Talk about too much information!

    Someone please tell me I'm just being paranoid.  Please


  • Diver43Diver43 Senior Member Posts: 10,914 Senior Member
    I typically use cash for small purchases and restaurants.  Other than that, it's credit cards and my debit card.  I use internet banking to pay my entire credit card bill every month so I don't get into debt to them.  I also use my debit card at my bank's atm machine to get cash.

    My pay check and SS payments are done via direct deposit into my bank account.

    I hate writing checks, and rarely do.

    So, in effect, I probably already operate on at least a 90% cashless basis.

    In some cases, it's a lot more hassle to pay cash than to use a credit card.  I don't recall the last time I bought gasoline with cash.  I pay at the pump with my credit card.

    I know some who will buy a fountain drink at the local 7-11 with a card.  No doubt there are those who carry little or no cash.

    HOW SCARY IS THAT?

    As a country, we're almost cashless as is.  Some stores no longer accept cash, and have even used the corona scare as justification.  What do you think would happen if cash was "discontinued"?

    What if your bank's computer goes down, and can't process debit card purchases?  What if your credit card company's computers do the same and can't process your credit card purchases?  How are you going to pay for stuff?

    Even more sinister, what about a deliberate action by the government, in conjunction with the banks and credit card companies, to freeze accounts or limit how much of one's money one can spend, or what it can be spent on?  At the very least, it would be damn easy to trace every purchase someone makes, if it's not already being done.  Talk about too much information!

    Someone please tell me I'm just being paranoid.  Please


    You are not paranoid, just behind the time . You, me and everyone else has been tracked this way for years now.
    Doing away with cash is not a new subject, it is now just closer to reality.
    If it happens, how will you pay the neighbor kid to cut grass, rake leaves, wash your car.  Use a chipped card for candy or gum?  This list for why not is still long
    Logistics cannot win a war, but its absence or inadequacy can cause defeat. FM100-5
  • DrawbarFlatsDrawbarFlats Posts: 776 Senior Member
    edited July 16 #8
    I typically use cash for small purchases and restaurants.  Other than that, it's credit cards and my debit card.  I use internet banking to pay my entire credit card bill every month so I don't get into debt to them.  I also use my debit card at my bank's atm machine to get cash.

    My pay check and SS payments are done via direct deposit into my bank account.

    I hate writing checks, and rarely do.

    So, in effect, I probably already operate on at least a 90% cashless basis.

    In some cases, it's a lot more hassle to pay cash than to use a credit card.  I don't recall the last time I bought gasoline with cash.  I pay at the pump with my credit card.

    I know some who will buy a fountain drink at the local 7-11 with a card.  No doubt there are those who carry little or no cash.

    HOW SCARY IS THAT?

    As a country, we're almost cashless as is.  Some stores no longer accept cash, and have even used the corona scare as justification.  What do you think would happen if cash was "discontinued"?

    What if your bank's computer goes down, and can't process debit card purchases?  What if your credit card company's computers do the same and can't process your credit card purchases?  How are you going to pay for stuff?

    Even more sinister, what about a deliberate action by the government, in conjunction with the banks and credit card companies, to freeze accounts or limit how much of one's money one can spend, or what it can be spent on?  At the very least, it would be damn easy to trace every purchase someone makes, if it's not already being done.  Talk about too much information!

    Someone please tell me I'm just being paranoid.  Please!
    No, you're not being paranoid, not at all, not even close. With your words, you strike me as one of the very few who are aware of what's in store for us all in the not too distant future. See the thread I started a while back titled: "Chipping - And I Don't Mean Golf." Now some will laugh and scoff at that notion, and even downplay it, however, with the Covid19 virus we have seen how the ruling elite have seized on this totalitarian wet dream as a precursor of what's to come. Cash is going the way of the Dodo and Passenger Pigeon, that there is no doubt. Without trying to preach religion, read the last 'chapter' of a certain book if you haven't already. That last "chapter" begins with the letter "R." 
  • PFDPFD Senior Member Posts: 1,331 Senior Member
    edited July 17 #9
    My SOP for paying at a restaurant is to pay with card and tip with cash.
    Keep the IRS on their toes!
    That's all I got.

    Paul
  • LinefinderLinefinder Moderator Posts: 7,035 Senior Member
    edited July 17 #10
    PFD said:
    My SOP for paying at a restaurant is to pay with card and tip with cash.
    Keep the IRS on their toes!
    Same here. Do that 2-3 times at the same restaurant and you'll usually get a good seat and great service.

    Mike
    "Walking away seems to be a lost art form."
    N454casull
  • tennmiketennmike Senior Member Posts: 27,395 Senior Member
    Funny how things go around, and come back around again. These two quotes from a movie in 2001 still ring true now more than ever. They both shout, "The government is not your friend." Take them for what they're worth, to you.

    Capt. Malcolm Reynolds: Come a day there won't be room for naughty men like us to slip about at all. This job goes south, there well may not be another. So here is us, on the raggedy edge. Don't push me, and I won't push you. **** le ma? 

    Capt. Malcolm Reynolds: Y'all got on this boat for different reasons, but y'all come to the same place. So now I'm asking more of you than I have before. Maybe all. Sure as I know anything, I know this - they will try again. Maybe on another world, maybe on this very ground swept clean. A year from now, ten? They'll swing back to the belief that they can make people... better. And I do not hold to that. So no more runnin'. I aim to misbehave.


    Misbehave and maybe get plowed under, or go along to get along and end up a slave to the government. Both unsavory choices, but I'd rather die free than to serve on my knees, no matter the soft coverings on the manacles of government. The government is finally taking that  hard left with the Democratic Socialist agenda, and both parties are complicit to a greater or lesser extent, but they are definitely involved. Not a conspiracy theory; open your eyes.
      I refuse to answer that question on the grounds that I don't know the answer”
    ― Douglas Adams
  • GunNutGunNut Posts: 5,779 Senior Member
    Diver43 said:
    I typically use cash for small purchases and restaurants.  Other than that, it's credit cards and my debit card.  I use internet banking to pay my entire credit card bill every month so I don't get into debt to them.  I also use my debit card at my bank's atm machine to get cash.

    My pay check and SS payments are done via direct deposit into my bank account.

    I hate writing checks, and rarely do.

    So, in effect, I probably already operate on at least a 90% cashless basis.

    In some cases, it's a lot more hassle to pay cash than to use a credit card.  I don't recall the last time I bought gasoline with cash.  I pay at the pump with my credit card.

    I know some who will buy a fountain drink at the local 7-11 with a card.  No doubt there are those who carry little or no cash.

    HOW SCARY IS THAT?

    As a country, we're almost cashless as is.  Some stores no longer accept cash, and have even used the corona scare as justification.  What do you think would happen if cash was "discontinued"?

    What if your bank's computer goes down, and can't process debit card purchases?  What if your credit card company's computers do the same and can't process your credit card purchases?  How are you going to pay for stuff?

    Even more sinister, what about a deliberate action by the government, in conjunction with the banks and credit card companies, to freeze accounts or limit how much of one's money one can spend, or what it can be spent on?  At the very least, it would be damn easy to trace every purchase someone makes, if it's not already being done.  Talk about too much information!

    Someone please tell me I'm just being paranoid.  Please


    You are not paranoid, just behind the time . You, me and everyone else has been tracked this way for years now.
    Doing away with cash is not a new subject, it is now just closer to reality.
    If it happens, how will you pay the neighbor kid to cut grass, rake leaves, wash your car.  Use a chipped card for candy or gum?  This list for why not is still long
    Venmo, Xoom, Paypal, ApplePay (we could be here all night)...  Kids/adults with a smart phone don't need cash anymore.  Just about every personal cash transaction I have is through PayPal.
    Old West Saying: God created men, but Col. Sam Colt made them equal.

    General George Patton:  “Watch what people are cynical about, and one can often discover what they lack.”

  • Diver43Diver43 Senior Member Posts: 10,914 Senior Member
    GunNut said:
    Diver43 said:
    I typically use cash for small purchases and restaurants.  Other than that, it's credit cards and my debit card.  I use internet banking to pay my entire credit card bill every month so I don't get into debt to them.  I also use my debit card at my bank's atm machine to get cash.

    My pay check and SS payments are done via direct deposit into my bank account.

    I hate writing checks, and rarely do.

    So, in effect, I probably already operate on at least a 90% cashless basis.

    In some cases, it's a lot more hassle to pay cash than to use a credit card.  I don't recall the last time I bought gasoline with cash.  I pay at the pump with my credit card.

    I know some who will buy a fountain drink at the local 7-11 with a card.  No doubt there are those who carry little or no cash.

    HOW SCARY IS THAT?

    As a country, we're almost cashless as is.  Some stores no longer accept cash, and have even used the corona scare as justification.  What do you think would happen if cash was "discontinued"?

    What if your bank's computer goes down, and can't process debit card purchases?  What if your credit card company's computers do the same and can't process your credit card purchases?  How are you going to pay for stuff?

    Even more sinister, what about a deliberate action by the government, in conjunction with the banks and credit card companies, to freeze accounts or limit how much of one's money one can spend, or what it can be spent on?  At the very least, it would be damn easy to trace every purchase someone makes, if it's not already being done.  Talk about too much information!

    Someone please tell me I'm just being paranoid.  Please


    You are not paranoid, just behind the time . You, me and everyone else has been tracked this way for years now.
    Doing away with cash is not a new subject, it is now just closer to reality.
    If it happens, how will you pay the neighbor kid to cut grass, rake leaves, wash your car.  Use a chipped card for candy or gum?  This list for why not is still long
    Venmo, Xoom, Paypal, ApplePay (we could be here all night)...  Kids/adults with a smart phone don't need cash anymore.  Just about every personal cash transaction I have is through PayPal.
    Yes, works for us, but how do you give a youngster money. 10.00 in a card?  15 bucks to the 13 year old for washing your car?  Not every kid has a cell phone or bank account
    Logistics cannot win a war, but its absence or inadequacy can cause defeat. FM100-5
  • Old RonOld Ron Senior Member Posts: 4,265 Senior Member
    Odd man out here ..... again .
    I pay over 90% for things with cash . Have all my life & will continue to do so as long as I can . A very smart Jewish man in Iran told me years ago ...... have enough portable money to start a life some place else on a moments notice . Have other investments but know you may not be able to access them or take them with you if you have bad things going down . The sub economy will always be around ..... governments come & go . All the smart things we are told about & sold to us at the end or the day are not that smart when the power goes out . How many times a day do we hear that what others decide is what is good for you . I buy things & they ask for my phone # & my reply is NO ! Most don't know what to say . Don't you wonder why there are so many ways to track you ? Get tested for CV19 & they have your DNA . Who do they share this with without your consent ? Get ten cents off if you sign up for a members card . Best way not to get hit by crap is to keep your head down !
  • JustsomedudeJustsomedude Posts: 540 Senior Member
    edited July 17 #15
    I dont like the idea of them (theres always a them/they) cutting off my means of survival if I "Get out of line".
  • earlyagainearlyagain Posts: 6,749 Senior Member
    Gun control is nothing compared to money control.
  • GunNutGunNut Posts: 5,779 Senior Member
    There is a reason the Federal Reserve is independent of the government folks.  
    Old West Saying: God created men, but Col. Sam Colt made them equal.

    General George Patton:  “Watch what people are cynical about, and one can often discover what they lack.”

  • JustsomedudeJustsomedude Posts: 540 Senior Member
    The owners of a thing like that could run the world. Oh wait...
  • CHIRO1989CHIRO1989 Senior Member Posts: 12,625 Senior Member
    edited July 17 #19
    https://citizentruth.org/africa-to-become-testing-ground-for-trust-stamp-vaccine-record-and-payment-system/

    One of our Republican state legislators posted this a few days ago.

    I have not vetted the sources.
    I take no pleasure in the death of the wicked, but rather that they turn away from their ways and live. Eze 33:11
  • JerryBobCoJerryBobCo Senior Member Posts: 7,939 Senior Member
    GunNut said:
    There is a reason the Federal Reserve is independent of the government folks.  
    And it's very reassuring to know that never in history has a government or financial establishment's computer system been hacked. (where's the damn sarcasm emoji when it's needed?)

    I realize this is a not a new concern, but don't recall ever seeing it discussed here, which is why I decided to start this post.  But, let's face it.  There are some things for which it doesn't make sense to pay with cash.  There are other things, in my opinion, that are better paid with cash.  I like to keep some on hand, safely locked up, just in case.

    And say what you want about the cloud, I don't trust it as being secure.  I've worked in the high tech computer software industry since '75, including work with some health insurance companies.  They will not put their customer data in the cloud because they don't trust it.  For every security measure some entity puts in to guard their data and operation, one or more hackers are doing their best to defeat it.  It's the nature of the beast.
    Jerry

    Gun control laws make about as much sense as taking ex-lax to cure a cough.
  • zorbazorba Senior Member Posts: 23,660 Senior Member

    And say what you want about the cloud, I don't trust it as being secure.  I've worked in the high tech computer software industry since '75, including work with some health insurance companies.  They will not put their customer data in the cloud because they don't trust it.  For every security measure some entity puts in to guard their data and operation, one or more hackers are doing their best to defeat it.  It's the nature of the beast.
    Then you remember the "microcomputer revolution" and how it was going to - and did! - do away with centralized computing. And now we've come full circle! The "cloud" *is* good for certain things, but it sure isn't the panacea its made out to be. Especially in this day and age of buggy and poorly written software - there's too much latency in much of it BEFORE the propagation delay of the Internet is added to the mix. It just doesn't make sense for many, or even most, situations.
    -Zorba, "The Veiled Male"

    "If you get it and didn't work for it, someone else worked for it and didn't get it..."
  • JayJay Senior Member Posts: 3,859 Senior Member
    Back when I was taking care of my elderly grandfather (born in 1913), at least once per week he would have me take him to the bank, where he would go inside, write a check and cash it to have cash in his wallet. Then we had to go to Rancher's Grill and he would buy us lunch and a beer.. He wrote checks for lunch and saved his cash.  And he would always dress up in his old business clothes for the occasion. I don't think he ever used the drive-through at the bank and I know he never had a debit card.  He did carry a Chevron card for fuel back when he was RVing, and that was it.  And he wrote checks to pay all his bills, sending them via mail. Which was another stop we'd have to make on our day of "doing business"; the post office so he could buy stamps. After he died, I had to dispose of at least a couple hundred boxes of old check books, which covered a time frame from the 60's until he died in 2009. 

    There was a joke going around after he passed that we'd find a big stash of money hidden somewhere in the house. He insisted on going to the bank regularly for cash, but nobody knew what he was spending it on, since he had to be taken everywhere at that point because he didn't have a driver's license and he wasn't being taken out often enough to spend the cash he was withdrawing. If he was stashing it, I haven't found it yet. And I still live in his old house...

    I almost never carry cash and haven't written a personal check in at least a couple of years. I write one business check every month to pay the farm mortgage payment, and that's only because my bank doesn't recognize the farm lender who has the mortgage in order to do electronic transfer to them.  Everything else, I pay on line or have set up for autopay and use PayPal for cash transfers when I can.
  • earlyagainearlyagain Posts: 6,749 Senior Member
    I think the potential insecurity is real. The thing is this. Every thing someone would tender cash for is vended by establishments that are entirely cloud dependent.

    The value of the cash is dependant on the assumption of a successful reversion to it's exclusive use. I wonder if such an assumption is valid???
  • zorbazorba Senior Member Posts: 23,660 Senior Member
    I write about 2 checks a month, but auto-pay everything else. Although I use PayPal when I have to, I "try to" use something else if I can as I don't care for PP that much. Remember their 2A stance...
    -Zorba, "The Veiled Male"

    "If you get it and didn't work for it, someone else worked for it and didn't get it..."
  • SpkSpk Senior Member Posts: 3,962 Senior Member
    tennmike said:
    I still use a lot of cash for transactions, and what I'm buying ain't none of the government's business or the business of anyone else. Let's just say IT AIN'T DRUGS, and leave it at that.  :)
    I would want to pay cash also. Less hassle 😉

    Never argue with stupid people, they will drag you down to their level and then beat you with experience -- Mark Twain
    How easy it is to make people believe a lie, and [how] hard it is to undo that work again! -- Mark Twain

  • SpkSpk Senior Member Posts: 3,962 Senior Member
    Trump Declares National Emergency As Foreign Hackers Threaten U.S. Power Grid

    US DoD Department Hacked And Data Compromised

    50 million Facebook accounts were compromised. Was yours?

    Apple, Biden, Musk and other high-profile Twitter accounts hacked in crypto scam

    Instagram Hacked: Millions Of Users Locked Out Of Their Account

    So what's the point? Terrorist, Cyber criminals, bad foreign state actors only have to do it right once while we have to be 100% effective at combating them. The odds favor the bad guys.
    Yeah, but what are the odds of that happening here? About the same as 9/11.

    Now about the whole cashless society thing. If it's what you do already that's fine but don't impose that on others who like to use cash. It's like gun ownership, if you don't want to own a gun, fine. But don't take away my choice because you're okay with it. Strip away enough choices and we will have that Utopia many fantasize about.
    Jmho


    Never argue with stupid people, they will drag you down to their level and then beat you with experience -- Mark Twain
    How easy it is to make people believe a lie, and [how] hard it is to undo that work again! -- Mark Twain

  • GunNutGunNut Posts: 5,779 Senior Member
    I don't think anyone is trying to impose cashless on anyone.  At least not now.  There will be a day when all paper money will probably be useless but we are a (relatively) long way from that.  In the meantime ATMs are here to stay..... for a little bit...
    Old West Saying: God created men, but Col. Sam Colt made them equal.

    General George Patton:  “Watch what people are cynical about, and one can often discover what they lack.”

  • GunNutGunNut Posts: 5,779 Senior Member
    zorba said:

    And say what you want about the cloud, I don't trust it as being secure.  I've worked in the high tech computer software industry since '75, including work with some health insurance companies.  They will not put their customer data in the cloud because they don't trust it.  For every security measure some entity puts in to guard their data and operation, one or more hackers are doing their best to defeat it.  It's the nature of the beast.
    Then you remember the "microcomputer revolution" and how it was going to - and did! - do away with centralized computing. And now we've come full circle! The "cloud" *is* good for certain things, but it sure isn't the panacea its made out to be. Especially in this day and age of buggy and poorly written software - there's too much latency in much of it BEFORE the propagation delay of the Internet is added to the mix. It just doesn't make sense for many, or even most, situations.
    The cloud is absolutely not centralized computing so there is no full circle.  There are no mainframes in dark data centers anymore...  The Cloud (for lack of a better term) is comprised of billions of redundant servers and points of information worldwide that talk to each other constantly at speeds we can not even comprehend, otherwise called "distributed computing" (which in and of itself is already an archaic concept).  In the money example, no one bank computer has your money in it.  Your money is just a piece of data that is held by thousands servers all over the world that agree that you have $xx,xxx.00 in your checking account.

    As distribution of this processing continues to work it's way to the "edge" "latency" will be a thing of the past.  Today's soda machine has more computing power in it that most home computers did just 5-6 years ago.

    Before I took my current job I was working on a project with a relatively new (and blindly fast growing company) that is deploying micro-retailing with enough power to have AI at the edge in every vending machine.  This is not in the future, the schedule was 2020 to start deployment.

    Anyway I'll jump off here.  I think I've said all I wanted to say and I don't want to get sucked up into another discussion on this topic.

    Thanks...
    Old West Saying: God created men, but Col. Sam Colt made them equal.

    General George Patton:  “Watch what people are cynical about, and one can often discover what they lack.”

  • tennmiketennmike Senior Member Posts: 27,395 Senior Member
    Just wait until China, Russia, or Lil Kim realize they can wreak havoc  by lofting some nukes into the satellite rich areas of space and do a massive EMP attack on those satellites that receive and transmit a lot of that data. China and Russia know and could leave us blind as a bat doing that, with what Lil Kim being just a major inconvenience. And Russia is highly suspected of having deployed hunter/killer satellites to take out juicy targets in space. So many of out weapons systems depend on GPS that we'd be severely handicapped if we lost enough GPS assets in space. Financial data would come in way back in the list of priorities if that happened.
      I refuse to answer that question on the grounds that I don't know the answer”
    ― Douglas Adams
  • sgtrock21sgtrock21 Senior Member Posts: 1,933 Senior Member
    I think the potential insecurity is real. The thing is this. Every thing someone would tender cash for is vended by establishments that are entirely cloud dependent.

    The value of the cash is dependant on the assumption of a successful reversion to it's exclusive use. I wonder if such an assumption is valid???
    Stuffing cash in the mattress is not the best plan. In 2000 I purchased a stack of former Yugoslavian currency for US fifty cents. There were 3 notes from 1992 for 10, 50, and 100 Dinars which were actually worth that in 1992. I have subsequent  ones increasing by thousands and tens/hundreds of thousands culminating in my 50,000,000 Dinar note from 1993 not worth the paper it is printed on. It can happen that quickly!!! 
  • JustsomedudeJustsomedude Posts: 540 Senior Member
    All i know is that we as humans like to innovate to make our lives easier, more care free and to free up time, only to cram more crap into the time we freed up, and usually causing ourselves unforseen problems along the way. This won't be any different. 
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