Dear John,

I never felt that I was doing anything wrong of even "naughty" when using real money - it is the lazy young generation who are at the wrong, who abuse nature and personal human relationships with their "technology", bringing forward the rule of computers.

My big hope is that a large magnetic storm in the sun will burn up all electronics on earth - a storm of such magnitude and directed towards earth happens at random every few centuries.

All sorts of things can, and do, go wrong with technology, as we have all seen recently; but the goldfish memories of most people don't register events ten minutes after they are fixed.

According to ‘The Strategist’, 99% of Australia's traffic relies on undersea cables, which “ ... enable everything from e-commerce and online banking to telecommunications and cloud computing”.

Threats to these cables are “real and growing”, from tsunamis, earthquakes etc., and through HUMAN ACTORS.

A hostile actor (three guesses as to who) could sever Australia's connections to the world. They can also syphon off data.

Have a read: https://www.aspistrategist.org.au/the-achilles-heel-of-a-digital-nation-australias-dependence-on-subsea-cables/

ttbn,

Thanks for the link to that informative article. While the geological consequences of targeting such bottlenecks would be far too great for a country like China to bother with at this point in time, I have no doubt that Russia would feel they had far less to lose.

Though not so much a bottleneck as undersea cables, our growing list of smart devices (which even include cars now) make us increasingly vulnerable to cyber warfare. A sudden, widespread, and severe-enough attack on smart devices would not only cause a significant disruption, but could even prove deadly.

Strange times indeed when hanging on to your mechanical watch, and investing in a carburettor-driven car could serve as a shield against a growing threat as big as China. You'd also be one of the only people with a functioning watch and a working car should Australia become like a Mad Max movie.

Of course, that should be, "geopolitical consequences."

Cashless only if financial institutions & Govts guarantee total security by coughing up compensation !

Dar Indyvidual,

«Cashless only if financial institutions & Govts guarantee total security by coughing up compensation !»

That means NEVER.

Because:

1) Total security does not and cannot exist in this universe.
2) Could anyone provide "security" against THEMSELVES?
3) How could anyone compensate for the failure of all (or even most) electronic systems?