I understand this way of digital evolution where we are moving to everything being bought / paid using our cards, with less and less cash transactions.
But I have a basic question-
We have seen some of the biggest world systems like Microsoft, Google, Facebook all being hacked.
Now comparing their infrastructure and tech resources against that of for instance a South African bank, it would clearly show a big day and night difference.
What would we all do if everything we worked for one day just disappears because someone hacked their networks and deleted everything linked to us.
Yes one might think wow then my outstanding bond or loan accounts would all be wiped and there would be no record for them to prove or show I still owed them.
On the flip side of that coin, how would you buy even a bread?
Lets not even look at hacking of a bank, what if the internet grid is shut down.
No way to connect card devices to the service provider.
You would not be able to buy anything, do anything until its restored.
The old system of actual money might be seen as an outdated system, but atleast that money is still usable and in your hands when needed regardless if the power is off, or the network down.
Sitting here today, my mind just wondered about this a little
#Cash
#CardLess
But I have a basic question-
We have seen some of the biggest world systems like Microsoft, Google, Facebook all being hacked.
Now comparing their infrastructure and tech resources against that of for instance a South African bank, it would clearly show a big day and night difference.
What would we all do if everything we worked for one day just disappears because someone hacked their networks and deleted everything linked to us.
Yes one might think wow then my outstanding bond or loan accounts would all be wiped and there would be no record for them to prove or show I still owed them.
On the flip side of that coin, how would you buy even a bread?
Lets not even look at hacking of a bank, what if the internet grid is shut down.
No way to connect card devices to the service provider.
You would not be able to buy anything, do anything until its restored.
The old system of actual money might be seen as an outdated system, but atleast that money is still usable and in your hands when needed regardless if the power is off, or the network down.
Sitting here today, my mind just wondered about this a little
#Cash
#CardLess
I understand this way of digital evolution where we are moving to everything being bought / paid using our cards, with less and less cash transactions.
But I have a basic question-
We have seen some of the biggest world systems like Microsoft, Google, Facebook all being hacked.
Now comparing their infrastructure and tech resources against that of for instance a South African bank, it would clearly show a big day and night difference.
What would we all do if everything we worked for one day just disappears because someone hacked their networks and deleted everything linked to us.
Yes one might think wow then my outstanding bond or loan accounts would all be wiped and there would be no record for them to prove or show I still owed them.
On the flip side of that coin, how would you buy even a bread?
Lets not even look at hacking of a bank, what if the internet grid is shut down.
No way to connect card devices to the service provider.
You would not be able to buy anything, do anything until its restored.
The old system of actual money might be seen as an outdated system, but atleast that money is still usable and in your hands when needed regardless if the power is off, or the network down.
Sitting here today, my mind just wondered about this a little
#Cash
#CardLess
