Purely noble motives regarding removing cash from society, right? It essentially... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		ethor on July 27, 2014 \| parent \| context \| favorite \| on: Why Killing Cash is Key to MasterCard’s Competitiv... Purely noble motives regarding removing cash from society, right? It essentially gives international financial corporations oligopoly over commercial transactions. And for those of you that cherish privacy, imagine the tracking possibilities in a society where commercial transactions no longer can be pursued anonymously.

ethor on July 27, 2014 | [–]

Also, the governmental opportunity to revoke non-desirable citizens the privilege to make commercial transactions.

badman_ting on July 27, 2014 | [–]

Right, this strikes me as a situation with real potential for "the cure is worse than the disease".

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact