The ‘cashless’ society, eh?

Every time someone talks about getting rid of cash, they are talking about getting rid of your freedom. Every time they actually limit cash, they are limiting your freedom. It does not matter if the people doing it are wonderful Scandinavians or Hindu supremacist Indians, they are people who want to know and control what you do to an unprecedentedly fine-grained scale.

Yep, just because someone cool is doing it doesn’t mean it won’t have bad consequences. In the rush to add technology to things, we create future dystopias.

Cash isn’t completely anonymous. There’s a reason why old fashioned crooks with huge cash flows had to money-launder: Governments are actually pretty good at saying, “Where’d you get that from?” and getting an explanation. Still, it offers freedom, and the poorer you are, the more freedom it offers. It also is very hard to track specifically, i.e., who made what purchase.

Blockchains won’t be untaxable. The ones which truly are unbreakable will be made illegal; the ones that remain, well, it’s a ledger with every transaction on it, for goodness sakes.

It’s this bit that concerns me:

We are creating a society where even much of what you say, will be knowable and indeed, may eventually be tracked and stored permanently.

If you do not understand why this is not just bad, but terrible, I cannot explain it to you. You have some sort of mental impairment of imagination and ethics.

Source: Ian Welsh