There was a very good reason for it back when physical money was more necessary. Now, there’s essentially no purpose except crime. Almost all purchases are payed cashless. If you really want to use cash, almost no transactions are prohibitive just using $20s or $50s. Maybe buying a car or house would be tough, and I’m sure someone does that with cash, but that’d just be the cost of choosing to use cash.
Considering that DOGE can likely withdraw money from bank accounts at will, relying on cash seems very legitimate. I don’t want my life savings to just vanish because Musk felt like it. Or worse, replaced it with Muskcoin in a offer that no one can refuse.
There was a very good reason for it back when physical money was more necessary. Now, there’s essentially no purpose except crime. Almost all purchases are payed cashless. If you really want to use cash, almost no transactions are prohibitive just using $20s or $50s. Maybe buying a car or house would be tough, and I’m sure someone does that with cash, but that’d just be the cost of choosing to use cash.
Considering that DOGE can likely withdraw money from bank accounts at will, relying on cash seems very legitimate. I don’t want my life savings to just vanish because Musk felt like it. Or worse, replaced it with Muskcoin in a offer that no one can refuse.
Yup; and it can make general independence more difficult (like trying to leave an abusive relationship or household).