son of witless wrote:
In a cashless society, a crook, or the government, or a spiteful spouse can suddenly render your accounts, your credit cards, your debit cards, or whatever, null and void. Or could I be mistaken ? What happens if all power, or all computers just go down in a Chinese, Russian, or N. Korean cyber attack ? Also your every purchase can be tracked.
I don't disagree with any of that. Just saying having all that data consolidated to control by one entity, the government, increases the danger from abuse exponentially compared to the danger when the data is spread out among dozens of separate databases each acting independently and protected from government or outside spying and/or manipulation.