The WSJ’s takes on the pros and cons of a cashless society. The articles says that crime would drop with the reduction of cash. I think crime would just be redistributed across different platforms.
If physical crime goes away, that’s still a win.
I do like the argument to just take the large bills ($50/$100) away though. There is no need for them.
removing cash might actually increase the crime rate if criminals make their own form of cash.
Did someone say cryptocurrency?
It may, or it may not. A debit/credit card with a pin is still suseptable to XKCD’s “$5 wrench” situation. Same with cryptocurrencies.
Criminals are, if anything, inovative. Close a door and they’ll open a window.
I’d say persistent is probably a better way to describe them. The ones we should be acknowledging, at least.