I mean, it kinds seems inevitable to me. Books has become e-books. Cash is becoming digital transfers. China has done it. The west is mostly doing card-swipes. One day, that transition will be complete, and cash would be phased out.
What happens then? Think like the power outage in Spain recently. Some people had cash. But in 20-40 years. There might not even be any cash in existence. What then?
What if, instead of a few hours, its a few days? Or weeks?
I guess riots break out all around the world?
(Seriously, has none of the politicians ever thought about this? Where are the backups? Are we just going full “YOLO” on the reliance on the power grid?)
fun fact, businesses operate without power by using battery operated calculators and inventory pads.
every minute a business isn’t in operation is a cost to the business.
I worked at Super Walmart decades ago. power went out for the whole town. the main HV lines collapsed after a tornado.
mgmt marked all the ice cream down 80% and we were still checking customers out on generators.
reduce risk, increase profits, mitigate losses. the only bad opportunity is the one you ignore.
by god we sold almost every tub of ice cream in an hour.
this is kinda hilarious lol okey understood