#cahsless

A request for @priceofliberty based on private chat. I intend to give off a small summary of the recent news about the cashless news so anyone can debate the pros and cons of going forward a cashless move as well as coming up with strategies to keep cash and other “black” alternatives alive.

I randomly stumbled upon a few articles that deal with the India Banknote Crisis since the end of 2016, 500 and 1000 rupee banknotes were suddenly enacted without warning under the guise of “fighting black crime”. This enactment spelled disaster for the rural folks but also presented new opportunities for others to make a transition to the digital age of centralized ‘money’.

Various articles with differing perspectives

Forbes with Analysis on impact of sudden cashless move with emphasis on problems and adapting to new system.

http://www.forbes.com/sites/wadeshepard/2016/12/14/inside-indias-cashless-revolution/#62285a5c18c7

Slate with another analysis on the issue but informs them of high cost of the sudden move

http://www.slate.com/articles/technology/future_tense/2016/11/india_s_push_to_a_cashless_society_has_a_high_cost.html

India as a test bed for Global cashless society, but be brave and suck it in with doomsday words spoken with very different evidence