this post was submitted on 10 Nov 2023
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The Optus outage has thrown our cashless society into question, but experts say there's no going back (www.abc.net.au)
submitted 2 years ago by Baku@aussie.zone to c/news@aussie.zone
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[–] hitmyspot@aussie.zone 2 points 2 years ago

Yes, cash is much easier if you wish to be anonymous. That also leads to more cash based fraud and tax fraud. I don’t think cash needs to be eliminated, but there are digital alternatives to cash if you want illegal things. So, again, we don’t necessarily need cash. We don’t need to rush to eliminate it, but we also don’t need to prop it up to prevent progress. Even if Australia alone eliminated cash, which I don’t expect, you could still buy drugs in US$, for instance.