• HubertManne@moist.catsweat.com
    link
    fedilink
    arrow-up
    19
    arrow-down
    3
    ·
    3 months ago

    Just to be clear we are a mostly cashless society and the majority of currency is not physically in existence around the world and somehow it manages to be protected by and large.

    • 800XL@lemmy.world
      link
      fedilink
      arrow-up
      8
      ·
      3 months ago

      The difference is that if someone decides to freeze your cashless bank account they can by a mouse click and you’re destitute. Whereas if that happens in a cash-based society they have to come and get it from you.

      • HubertManne@moist.catsweat.com
        link
        fedilink
        arrow-up
        4
        arrow-down
        1
        ·
        3 months ago

        well that is sorta my point. I keep some cash on hand but the majority of my money gets auto deposited and debited from there when I pay bills. If someone steals the majority of my money and I have somelike 1 to 10 percent its not a much better situation than them stealing all of my available funds. I mean it is which is how come I do keep a bit of cash on hand.