this post was submitted on 04 Jul 2025
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[โ€“] feinstruktur@lemmy.ml 11 points 2 days ago (22 children)

Cash, at least in europe. In my opinion that decision would mark one of the most epic political fails in recent history but I fear, that's what's going to happen.

[โ€“] Alcoholicorn@mander.xyz 3 points 2 days ago (19 children)

Why would it be a failure? I loved never having to carry anything but a phone in China.

[โ€“] feinstruktur@lemmy.ml 3 points 1 day ago (1 children)
  1. Resiliance: No (electrical) power, no servers, no transactions, no (a bit exaggerated) society.
  2. Full corporation surveillance. Even worse: Performed by unsupervised and proprietary algorithms.
  3. Following 2) full governmental surveillance.
[โ€“] Alcoholicorn@mander.xyz 2 points 1 day ago

Regarding 2 and 3, theres a qualitative difference between the chinese government mandating corporations respect privacy and not retain or use biometric data and the US doing so (with the EU somewhere in the middle, usually), and what they have historically used that data for.

Regarding 1, in the event of a total societal collapse where not even phone towers are running, I'm not sure how much utility money would have.

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