this post was submitted on 20 Jul 2024
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Privacy
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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.