Daily Archives: July 9, 2022

Book Bits: 9 July 2022

Cloudmoney: Cash, Cards, Crypto, and the War for Our Wallets
Brett Scott
Reference via New York Magazine
There is an undeniable measure of convenience to digital payment. At its best: beep, buzz, go. Convenience, however, rarely comes without a cost, and here there are a few. In his book, Cloudmoney: Cash, Cards, Crypto, and the War for Our Wallets, journalist and former derivatives broker Brett Scott sets out to convince the reader that we all have something at stake in the war on cash. Scott’s target is the campaign to computerize all transactions and the corresponding vision of a predestined historical arc from cha-ching to beep-boop, as promoted by anti-cash interests. What he shows is that a cashless society would be so fast it’s guaranteed to leave some people behind.

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