We are now so used to the idea of internet banking. Virtually money moved from one place to another by just credit debit accounts control by algorithm made up with binary code.
Imagine one day, no more cash or pennnies in circulation. Basically virtual credit is transacted via plastic cards and finally putting an extinction of paper and coin money. If you think about it, the money we use now is currently representing the gold or silver reserves of a government. Unfortunately after reading WHY DOES MONEY HAVE VALUE? which
makes my statement used to be true.
Anyway, I am just pondering the idea of no more physical money and only cash credits. What will the world be like? Imagine those coins we collect would be very rare and may even cost 1000 times the tender value it holds.
Darn, think about the implications and the changes that may take on then. What if suddenly every soul on earth is reprogrammed that money is no value at all? Everyone will do something for others for free as long as a person has food, drink and entertainment. Would this chain services or trade product ever continue without money?
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