a cashless society is a society whose transactions are 100% tracked
it’s also a society whose wealth can be INSTANTLY removed.
Same with cash. Just refer to Weimar Republic to see just how worthless cash can become in a short time. During the worst of it, people would see their cash value cut in half just standing in line to buy a loaf of bread.
“it’s also a society whose wealth can be INSTANTLY removed.”
Wealth stored as cash can be removed just as instantly. Ask anyone who lived in Germany post-WWI, or in Zimbabwe post-Mugabe’s “reforms”.