I think we have been in a “cashless” society for some time.
The biggest fear I have for a cashless society is devaluation of my earnings via money printing.
That’s already happening. We have a cashless society with paper tokens.
Cashless, private, resource based money like SAfECoin is a step in the right direction.
Hard assets like land and precious metals can not be printed. If you can’t afford to buy a property outright then you are still open to market or government manipulation on the currency you earn to pay your debt off and the debt itself… should aim to buy tiny bits of physical metal that you can hold in your hand.
I’m pretty sure, priced in gold, food and goods prices have remained more or less stable… yet, the 1989’s 50pence that could buy be a can of coke, some sweets and still have change for the bus home buys you nothing!! Have you seen the price of a bus journey these days? £2.00 for a single ticket.
Bank interest does not make up for this silent theft that people just blindly accept as part of life. It scares me.
Got to add, with this devaluation, numerically prices of things go up - my main complaint is property. Say the average house price is £100,000 a few years down the line the average increases to £800,000 , it important to note this is the average, which means all house prices have gone up - by either % return battery farming of the population, or devaluation of the currency. Yet, it’s the same property (especially relative to the general market) and somehow you are in a higher tax bracket and having to pay more, or risk being thrown out of a property thats even 100% owned by a loved one who passed on, but you must pay tax on some imaginary increased price.
It’s just that… you are told your property price has gone up… but if you sell it, what can you buy… the same value propery, the same average house. All that’s happening is that you are no eligible for more government tax on your paper tokens you think is money.