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The Forum > Article Comments > Cash beats electronic money > Comments

Cash beats electronic money : Comments

By Viv Forbes, published 10/11/2023

But yesterday, much of Australia's electronic money disappeared for up to 14 hours with the crash of the Optus electronic network.

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"We must protect our right to have and use cash."

Can you tell us how we are to do that against increasingly totalitarian governments, and a stupid population that has enabled the governments - Labor, Coalition, doesn't matter which - by voting for them?

People are willingly using plastic more and more. Even those of my own generation are pointing their smartphones at black boxes and refusing receipts when asked if they want one. The old fools want to be with it.

The days of fighting for anything are over in the land of wankerdoodles Australia now is.
Posted by ttbn, Friday, 10 November 2023 6:57:21 AM
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Whichever Govt bureaudroids hint at imposing a cashless system have to be booted out at the very first hint. Start with your local member !
Posted by Indyvidual, Friday, 10 November 2023 7:57:47 AM
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Same goes for supermarkets with no check-out personnel.
Posted by Indyvidual, Friday, 10 November 2023 7:59:11 AM
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WTF?

I wonder where those opponents of our current methods of exchange are going to use their gold, silver and gems?

I wonder where they are going to store them for safe keeping? - maybe in their "prison pockets"?
Posted by WTF? - Not Again, Friday, 10 November 2023 8:24:23 AM
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Yup! Until we perfect quantum computing our cards will never be completely safe.

And Crypto coins are the modern version of the emperor's new clothes. It's a pass the parcel Ponzi scheme. Someone is going to be left holding the parcel and wearing a huge loss, possible bankruptcy and the possible loss of the home, real estate, goods and chattels.

We should hold some cash for examples like yesterday. Moreover, we need to go back to the gold standard to back and stabilise our own AUSD.

Our exports have to wear the huge cost to us of the energy input! And may soon be hit with an increasing expensive carbon tariff?

We live in a fool's paradise governed by fools on the hill. Yachty yack, blah, blah, fools unable or won't see the writing, writ large, on the wall!

Talk feasts solve nothing, just action! And however politically or ideologically unpalatable, it has to be done.

Namely a transition to nuclear (MSR thorium) for starters and perfected quantum computing as a must!

It cannot be just about winning the next election and blame shifting all over the joint!
Alan B.
Posted by Alan B., Friday, 10 November 2023 11:59:06 AM
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I pray to the sun - please send us a major magnetic storm that will burn all electronic chips.

Some difficult years will follow, but this is what we need in order to return to sanity.
Posted by Yuyutsu, Friday, 10 November 2023 12:42:52 PM
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