Submitted 3 weeks ago by threelonmusketeers@sh.itjust.works to xkcd@lemmy.world
https://www.youtube.com/watch?v=saj7b5C6TCM
Original static webpage version: what-if.xkcd.com/111/
I get why he considered the physical issues of having physical cash, but I really wanted to hear about what parts of society would collapse first, how long it would take for people to trade in ad hoc currencies, and would the world come up with new currencies and disseminate them, and how long that would take.
Depriving everyone else of physical cash would just hasten the spread of electronic transactions into the corners of the global economy where it doesn’t already reach: Drug cartels, rural villages in 3rd world countries, etc.
And with that, lack of privacy from prying eyes in governments, banking, and corporate databases.
Gradually_Adjusting@lemmy.world 3 weeks ago
At that point people will just start keeping debt ledgers with each other and carry on without me. Other currencies would pop up. I’d have to spend at volume in every direction just to keep the money from becoming irrelevant.