HACKER Q&A
📣 theturtletalks

Do you think the US will ever go cash-less?


Just saw a Zelle commercial and kept thinking “cash is king.”


  👤 mikewarot Accepted Answer ✓
No

Cash works when there's no power, or internet

Cash works even when you're a repressed minority

Cash works when you can't afford a bank

Cash works to route around damage, no matter the source.


👤 jleyank
Hell, will the US ever give up the penny and the $1 bill? There are advantages to a cashless setup, but also real issues re: privacy and "what happens when the power goes out"...

👤 quickthrower2
Yes, but that is going to take a long time for the systems to catch up to the point that a rural community has the tech in every last nook so as to not need cash. Maybe decades.

Some people will still want to deal in cash, so if the government doesn't provide it there will be some other kind of barter. Gift cards, those printed Bitcoin notes, foreign cash, gold or something else.


👤 j780
No, but the U.S. needs to catch up with plastic cash. Laundering cash can be a good thing ...especially during a pandemic!

👤 mardiyah
It's a no brainer

NO

That's the only reason Rothschild etc, New World Order headers, think they will keep on ruling the world with founded base in US


👤 rdtwo
Not with taxes going up and the country being so divided

👤 tetromino_
US will go cashless only if millions of Americans working in residential construction, as tipped waiters, all kinds of small business owners, contractors etc. can no longer easily cheat on taxes through using cash.

Those millions of people would stop cheating on taxes only if the IRS receives significantly more funding as well as a mandate to vastly improve its detection of suspicious financial activity and increase the number of audits.

The IRS would receive more funding and a new mandate only if (a) Republicans massively lose in Congress and then (b) Democrats decide to burn their advantage on a very unpopular measure.

Tl;dr the US will not go cash-less in the foreseeable future.


👤 themodelplumber
Absolutely. Cash is nasty stuff. I doubt it will survive another pandemic. Brave of you to admit your bias though.