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Gold/Mining/Energy : Gold Price Monitor
GDXJ 126.27+3.5%4:00 PM EST
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To: long-gone who wrote (75857)9/4/2001 4:01:01 PM
From: Horgad  Read Replies (2) of 116850
 
"it difficult for smart cards to make a good economic case"

They would make sense economically if somehow the costs associated with minting coins and printing money could be shifted into the production of these cards.

Hard to imagine a cashless society where all transactions are tracked in big computer somewhere. What would the drug-dealers and other tax avoiding people do? They would have to switch to some other nations currency or you know what. Considering the number of drug users in this country there would be lots of this alternate currency needed.

If the use of smart cards was voluntary, but highly encouraged, the average Joe would go cashless. Anybody dealing with cash would automatically be a suspect criminal as only criminals would have any reason not to be cashless. Go ahead use cash if you want, but be sure that we are watching you...

Seems like the whole world would have to go cashless at once as an individual country would surly collapse their currency if they tried to go into the future solo. Imagine the scramble as all black market money got shifted into another non-electronic currency. Kind of like the scramble out of the European currencies and into the dollar that is going on now in anticipation of big brother watching to closely the conversion into the Euro.
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