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GNU Taler satisfies one half of these constraints (cashlikeness + taxability). The Swedish e-krona pilot also has a token based component to allow offline payments.
I Denmark we are removing the 1000kr bill as of May 2025. from then on the highest bill. is 500kr which is roughly equal to 80 usd. Denmark Is the most cashless society I have yet experiences (and I have been traveling a fair bit). This comes with pros and cons. and I think the reason why it works is because of an incredibly high social trust.
It's definitely less private, but the convenience is unmatched. Honestly, I don't even know what the modern Swedish notes look like now!
I can barely enjoy a full day without being required to bring my phone / debit card with me because the register does not accept cash.
I personally started using digital payments once phone touchpay systems came out previously you had to take out cash or card from your wallet to pay so I would still use cash. But once phone payment became common just tapping your phone to pay had a lot less friction than taking out wallet and paying cash or by card.
I Denmark we are removing the 1000kr bill as of May 2025. from then on the highest bill. is 500kr which is roughly equal to 80 usd. Denmark Is the most cashless society I have yet experiences (and I have been traveling a fair bit). This comes with pros and cons. and I think the reason why it works is because of an incredibly high social trust.
Besides high social trust, I assume also a great IT infrastructure with guaranteed high uptime, a tech literate population willing to adopt new technology and not be stubborn to change, plus a small business environment not focused on cash driven tax dodging, like in the German speaking countries.
and yes, even on small markets merchants charge with a handheld terminal.
> [On] 23rd August 1994, the chaotic music duo and performance artists Bill Drummond and Jimmy Cauty burned £1m of notes behind a boathouse on the Scottish island of Jura. They are not alone in attempting to reduce money’s power… They literally increased the purchasing power of each remaining pound by doing so.
Did they. Notes aren't a limited resource and they can still be considered in the cashflow
I believe once we go fully cashless, we'll regret it and wish we could go back. I can barely enjoy a full day without being required to bring my phone / debit card with me because the register does not accept cash.
> [On] 23rd August 1994, the chaotic music duo and performance artists Bill Drummond and Jimmy Cauty burned £1m of notes behind a boathouse on the Scottish island of Jura. They are not alone in attempting to reduce money’s power… They literally increased the purchasing power of each remaining pound by doing so.
I believe once we go fully cashless, we'll regret it and wish we could go back. I can barely enjoy a full day without being required to bring my phone / debit card with me because the register does not accept cash.
(Not actually true since basically everyone accepts card in the UK, but it illustrates that your point makes no sense.)
I will always recall the chaos of being in a northern Minnesota tourist town (Ely) when the single fiber-optic line serving the region was cut. I sure was glad our group brought cash. All the people with only third party companies willing to pay for them some time in the future had their trips and plans ruined. But that's sort of a trivial example. It could be much worse. And then there's the rent seeking inherent in…
> Plus cash is just so much more convient and faster. There are many reasons I'm not anti-cash, but I am really struggling to think of a single example of this specific statement being true. Just acquiring cash at all means I have to take time out of my day, repeatedly, to make withdrawals. Then I have to carry it securely ( as well as the cards I need to get hold of more), which is annoying at the best of times and…