Quote from: Lucius on October 02, 2018, 10:27:53 AM

It is just one story from China, but some other countries like Sweden is have only 1% of payments in cash and rest is electronic payments. This is way in which today's society is going and it will be necessary for everyone to adapt to this. But solution is not to stop with cash payments, such option should stay until one day people accept only electronic payments.

Most of us would like to pay with BTC or some other crypto, and with time there will be such stores - what to do when some people come in and try to pay with cash and there is no physical options to accept such payment? In any case, we need a transitional period - people can not stay hungry because they do not understand how to use new technology.

I doubt when this is going to happen, that the government will do it in that way. Usually the government will give advance

notice to people when they do drastic changes to the financial system. When India abolished its highest-value rupee notes,

they gave people advance notice to exchange them, so I figure a mayor change like this will be backed by some good

preparation and training and alternative payment providers will give help to the elderly and uneducated people. Huh

How did Zimbabweans (with a high percentage of uneducated people), cope with Billion dollar notes, when they were first

issued? (Many of them cannot even count to 20) Grin