this post was submitted on 20 Jul 2024
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Privacy
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The inventory and POS systems also go down. You still can't by your groceries/gas/weed.
Going cashless is a bad idea. But not because of this.
That’s not what I witnessed recently. Payment processors went down but local POS was fine. Inventory didn’t matter with the short duration of the outage. This is one of the reasons going cashless is a bad idea. Far from the only one, but it’s a factor, and I experienced it. Going cashless reduces diversity in payment options and makes the system more vulnerable.
Now you're bringing personal anecdotes to rebut global systemic hypotheticals.
We're not having the same discussion anymore.
Your global systemic hypotheticals are flawed in that they don’t match what actually occurred. Every electronic system didn’t crash. Using cash to buy things was still possible at many places, while people who only had cards couldn’t.
It's pretty clear this incident has highlighted a myriad of very important issues.
It's likely more productive to discuss the other issues in their own threads - this thread is clearly focused on the cashless problem.
That's exactly what we were discussing.
But it doesn't matter any more.