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I think it's safe to say that we've been walking down the road to ruin for a number of years now. However, since the age of the ubiquitous computer, we seem to have jogged and now are breaking into a run.
I'm glad to be at this end of my life and not just starting out; however, as the saying goes, I weep for the future.
Since the time of the Roman Emperor Vespasian traders have seen the advantage of cash as value in itself not referring to any outside transaction.
Yes, I agree the concerns about abolishing cash are real.