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Comments on Will Japan Abolish Cash?
What are the political implications of a cashless society, in which every transaction is recorded? (Read
the complete story)
| "Part of the problem in Japan is that with regards to money, Japan is matriarchal and despite attempts to encourage long term investing, Japanese women still choose the traditional way of saving and scrimping: under the mattress, just like their mothers and grandmothers." (Yossi Preminger 6/20/2009 2:37:47 AM) |
| "Cash in the 21st century may not be free from government interference anyway; see what Bruce Sterling had to say in his 1998 novel Distraction about bugged money." (Bill Christensen 6/20/2009 12:41:20 PM) |
| "We already have the "dollars not referring to anything real" ... originally a dollar was an ounce of silver, by definition. That was sure a long time ago." (what's one hundredth of an act of faith 6/20/2009 8:14:28 PM) |
| "I don't think a cashless society will ever exist. Even if cash is officially abolished, there are certain transactions that no one wants recorded, and so I think some form of money or barter will continue to be used." (Greg 6/21/2009 12:40:24 PM) |
| "To Greg's point, there are numerous ways of exchanging digital currency, or whatever this cashless equivalent is eventually know as. I think that a digital cash economy is
inevitable and the natural progression away from the gold standard." (Ja Thavia 6/22/2009 2:41:48 PM) |
| "I think this would be a real step forward toward a universal currency, the trouble is, a large power outage could induce massive downturns economically speaking..." (Jourdan Cameron 6/29/2009 2:09:39 PM) |
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