Whether they were referring to the debits and credits found in bank accounts or the actual fiat paper I'm not sure, but holding cash in actual paper (granted you have a stable government) is in some way a deprivation of total control and regulation of your life.
The corptocracy is very much similar to government in that they will willingly hand over data to save their own asses (I don't need proof on this one, cause it's common knowledge now) and also willingly exploit you through said data to increase profits.
In some countries people will simply flat out refuse to use even credit cards, simply cause they distrust their governments, which I think is a rational move.
Cash also makes life easier for your mom and pop store who can't jump the same tax loopholes as GooAppFace with their Irish-double-Dutch-cayman-filter accounting-foo and end up paying a big portion of corporate tax through the central (regulated and monitored) banking cartel.
At the end of the day, those who use it, trust it and it adds some utility to their lives.
For those who don't, their is only utility to be lost, which is why they stay away (and which is probably why I think it equates to most of the world who stays away).
Whether they were referring to the debits and credits found in bank accounts or the actual fiat paper I'm not sure, but holding cash in actual paper (granted you have a stable government) is in some way a deprivation of total control and regulation of your life.
The corptocracy is very much similar to government in that they will willingly hand over data to save their own asses (I don't need proof on this one, cause it's common knowledge now) and also willingly exploit you through said data to increase profits.
In some countries people will simply flat out refuse to use even credit cards, simply cause they distrust their governments, which I think is a rational move.
Cash also makes life easier for your mom and pop store who can't jump the same tax loopholes as GooAppFace with their Irish-double-Dutch-cayman-filter accounting-foo and end up paying a big portion of corporate tax through the central (regulated and monitored) banking cartel.
At the end of the day, those who use it, trust it and it adds some utility to their lives.
For those who don't, their is only utility to be lost, which is why they stay away (and which is probably why I think it equates to most of the world who stays away).