More phones, few banks, instability are transforming Somalia to cashless society
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Re: More phones, few banks, instability are transforming Somalia to cashless society
#2Given how AT&T acts now one can only imagine how they'd act with control of the money supply.
Re: More phones, few banks, instability are transforming Somalia to cashless society
#3Given how AT&T acts now one can only imagine how they'd act with control of the money supply.
Well, we have another cabal in control of the money supply. Sorry, I just watched The Big Short. :)
Re: More phones, few banks, instability are transforming Somalia to cashless society
#4Cash is freedom. No one spies on what you do with your cash money.
Hopefully this electronic-only-money utopia won't get traction. We can see already with the encryption trojan programs that ask for Bitcoins/altcoins to decrypt your data - something like that wouldn't be reasonable and work on a large scale with cash.
Re: More phones, few banks, instability are transforming Somalia to cashless society
#5Cash is freedom. No one spies on what you do with your cash money. Hopefully this electronic-only-money utopia won't get traction. We can see already with the encryption trojan programs that ask for Bitcoins/altcoins to decrypt your data - something like that wouldn't be reasonable and work on a large scale with cash.
> Cash is freedom. No one spies on what you do with your cash money.
You need to physically visit the other party, so it isn't black and white necessarily the best option.
> We can see already with the encryption trojan programs that ask for Bitcoins/altcoins to decrypt your data - something like that wouldn't be reasonable and work on a large scale with cash.
Before Bitcoins, it was possible by using wire transfers. This only won't occur if you have a fictional purely cash society.
Re: More phones, few banks, instability are transforming Somalia to cashless society
#6Cash is freedom. No one spies on what you do with your cash money. Hopefully this electronic-only-money utopia won't get traction. We can see already with the encryption trojan programs that ask for Bitcoins/altcoins to decrypt your data - something like that wouldn't be reasonable and work on a large scale with cash.
"We can see already with the encryption trojan programs that ask for Bitcoins/altcoins to decrypt your data - something like that wouldn't be reasonable and work on a large scale with cash."
Well, if everyone would drive with horses, there wouldn't be deadly high-speed traffic accidents.
Re: More phones, few banks, instability are transforming Somalia to cashless society
#7Cash is freedom. No one spies on what you do with your cash money. Hopefully this electronic-only-money utopia won't get traction. We can see already with the encryption trojan programs that ask for Bitcoins/altcoins to decrypt your data - something like that wouldn't be reasonable and work on a large scale with cash.
"We can see already with the encryption trojan programs that ask for Bitcoins/altcoins to decrypt your data - something like that wouldn't be reasonable and work on a large scale with cash." Well, if everyone would drive with horses, there wouldn't be deadly high-speed traffic accidents.
You have it backwards. Horses aren't forbidden, you can still use them on the road. The horror, you can even still walk by foot on the road (near the side).
Some wealthy parties nowadays try to convince certain players to forbid cash.
[edit: disclaimer: of course depending on states law, horses/cars/pedestrians/trains/what-ever are forbidden or allowed on certain autobahn/freeway, railroad, subway, etc. The point was about forbidding cash for the sake of forbidding cash, just to track all your money movement, to be transparent. As a consequence you have to be very careful and loose your freedom. That would be like going back to Soviet Russia or similar times, were the trust is gone.]
Re: More phones, few banks, instability are transforming Somalia to cashless society
#8Cash is freedom. No one spies on what you do with your cash money. Hopefully this electronic-only-money utopia won't get traction. We can see already with the encryption trojan programs that ask for Bitcoins/altcoins to decrypt your data - something like that wouldn't be reasonable and work on a large scale with cash.
> Cash is freedom. No one spies on what you do with your cash money. You need to physically visit the other party, so it isn't black and white necessarily the best option. > We can see already with the encryption trojan programs that ask for Bitcoins/altcoins to decrypt your data - something like that wouldn't be reasonable and work on a large scale with cash. Before Bitcoins, it was possible by using wire transfers.…
>> Cash is freedom. No one spies on what you do with your cash money.
> You need to physically visit the other party, so it isn't black and white necessarily the best option.
Some parties, want to limit cash or downright forbid cash. Then there is no option anymore, think about that. I am all for options and fine with electronic money for web transaction, but removing cash from our society would be a very very bad move. That would lock us in to banks and telecom companies and states. No freedom. Not good.
Re: More phones, few banks, instability are transforming Somalia to cashless society
#9Earlier quoted context omitted.
"We can see already with the encryption trojan programs that ask for Bitcoins/altcoins to decrypt your data - something like that wouldn't be reasonable and work on a large scale with cash." Well, if everyone would drive with horses, there wouldn't be deadly high-speed traffic accidents.
You have it backwards. Horses aren't forbidden, you can still use them on the road. The horror, you can even still walk by foot on the road (near the side). Some wealthy parties nowadays try to convince certain players to forbid cash. [edit: disclaimer: of course depending on states law, horses/cars/pedestrians/trains/what-ever are forbidden or allowed on certain autobahn/freeway, railroad, subway, etc. The point was…
On some roads, horses and pedestrians are allowed. But certainly not all; both (and bicycles, as well) are banned on freeways in many jurisdictions.
Re: More phones, few banks, instability are transforming Somalia to cashless society
#10Cash is freedom. No one spies on what you do with your cash money. Hopefully this electronic-only-money utopia won't get traction. We can see already with the encryption trojan programs that ask for Bitcoins/altcoins to decrypt your data - something like that wouldn't be reasonable and work on a large scale with cash.
“People are doing business without any fear of losing cash to militants or conmen,” Aden said. “The country’s telecommunications sector has undergone a rapid rise, fueled by intense competition amongst the numerous telecommunication firms that dominate the country.”
Cash is freedom to be robbed, so I don't think that will convince anyone in Somalia.
I checked my bank statement this morning. I withdrew DKK 300 ($45) on 16 January, and still have 100kr left. I have no fear of being robbed though. You should argue against Scandinavia, and some other countries in Europe.