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?)
One huge condition will be: has your country invested enough in a super reliable infrastructure?
Spain wasn’t bad in this regard (like most western European countries) but that recent event was hardly foreseeable. And they forgot to prepare for the “black start”, which prolonged the problem.
In the future, the grids must become even more reliable and fault tolerant.
Some countries should better increase their invests by magnitudes.
Microgrids with solar panels on every residential home is key
It was probably the best case scenario. This happening outside of winter or a war was pretty lucky.
Now they get to learn and improve.
Tbh, I heard it caused the UK government to actually revise it’s plan for such a scenario as well.
I would think a lot of countries are tackling a lot of emergency scenarios at the moment.
Increasing defence, digital sovereignty, robust power grid, basically just preparing for bad shit