While I agree it conveniently fits with a possible desire for a cashless society, and cash offers important properties for a free society (bitcoin of course offers these properties including the ability to be cash)
Cash can introduce accounting errors, theft and fraud risk to businesses.
Let's say you work at a state park, an arena concert or event, people using cash is an easy way for workers to game the system, it's hard to track or account for.
At the end of the night everybody has to stay after and count cash and deal with the accounting office, if cash is missing (on purpose or mistake) the person missing the cash is held responsible which can suck, especially for people living paycheck to paycheck. Keep in mind there are lots of low level, not always the most experiences, highest credentialed or people with proven character involved.
The monetary properties cash offers are important. Digital advancements, technology in general is beneficial if it's not captured and controlled.
Bitcoin fixes this, study bitcoin
Corbin
npub1vr…vf0fw
2024-10-08 02:35:46
in reply to nevent1q…ex59
Author Public Key
npub1vrewakwqfq2p233aj7veyz0kr46zj4evzhvfw8p34wypy6tzey8skvf0fwPublished at
2024-10-08 02:35:46Event JSON
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"content": "While I agree it conveniently fits with a possible desire for a cashless society, and cash offers important properties for a free society (bitcoin of course offers these properties including the ability to be cash)\n\nCash can introduce accounting errors, theft and fraud risk to businesses.\n\nLet's say you work at a state park, an arena concert or event, people using cash is an easy way for workers to game the system, it's hard to track or account for.\n\nAt the end of the night everybody has to stay after and count cash and deal with the accounting office, if cash is missing (on purpose or mistake) the person missing the cash is held responsible which can suck, especially for people living paycheck to paycheck. Keep in mind there are lots of low level, not always the most experiences, highest credentialed or people with proven character involved. \n\nThe monetary properties cash offers are important. Digital advancements, technology in general is beneficial if it's not captured and controlled.\n\nBitcoin fixes this, study bitcoin",
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