And not saying it's going to happen overnight but the wheels have be turning for some time.
I'm just under 50 mate.
Heck they even have a name for it. EAud.
Better let the RBA know it's not happening
Most of the younger generation I've chatted with never even had a 100 dollar note in their wallet or even seen 100 dollar bill
Thanks, just don't remember the last time I accessed a bank for the purpose of depositing or withdrawing cash.
They have ATMS for that.
Everything I have ever done at a bank since I got my first account has been what these specialist stores could help me with - loans, accounts, credit cards bank cheques etc
If I could do all of that garbage during my work day, on my computer, rather than have to go into store during business hours, or line up on a weekend because every geriatric decides Saturdays are the day to bank, I would be very happy.
I'm not sure what country you think we are turning into but, personally I am a nobody.
I give away copious amounts of my data every day; accessing this site, my emails, purchasing goods online, paying bills etc
Things that have gotten better with digital intervention: news, stocks, VicRoads, payments, shopping, mail, working, driving etc (everything that comes to mind, including Akida)
Things that are better without digital intervention: ...
BTW your point about the $100 is a bit silly, the note is just a promise note, with no physical value or use. No different to a bank account contract.
Unless you want to trade precious metals or commodities, how can goods and services be traded for food and shelter?
Promise notes provide the convenience for our daily lives, and I personally welcome any further conveniences.