The End of Cash代写 Critique代写

Critique of “The End of Cash: With the Coming of Paper Currency Apocalypse, Your Money will no Longer Be Good Here. Or There. Or Anywhere.”

The End of Cash代写 With the Coming of Paper Currency Apocalypse, Your Money will no Longer Be Good Here. Or There. Or Anywhere.

Surowiecki, James. “The End of Cash: With the Coming of Paper Currency Apocalypse, Your Money will no Longer Be Good Here. Or There. Or Anywhere.” The T&C Guide to Modern Money, 2019.

Summary of Major Ideas The End of Cash代写

In his article “The End of Cash?” James Surowiecki has effectively predicted the end of paper money owing to the current trends in digital transactions. Surowiecki provides the history of paper money and trends in online transactions seem to take shape in modern society. Where most people are preferring using credit cards and smartphone applications to make transactions. The End of Cash代写**范文

Although online transactions are increasingly being adopted, the connection that people have cash does not seem to come to an end any time soon. This is due to the psychological connection people have and culture with paper money. However, Surowiecki pointed out that we cannot ignore the fact that the use of virtual transaction is better, safe and fast and hence the future holds a relegation of paper money for utopian cashless transactions.

Critical Evaluation of Work The End of Cash代写

However, noted the fear that most people and organization have towards the integration of digital money as the only mode of transaction. Towards the end of his claim, Surowiecki talk of risks associated online money transfer and warn that “vulnerability to hacking and cyber attacks, power grid failures, and outages in banking networks” one major technological impediments for cashless takeover (4). The End of Cash代写**范文

Technology has always offered a challenge of it being vulnerable to failures unlike human ways of doing things. Vishal Marria supports his assertions in his article on a cashless society where he states that “Technology is vulnerable to glitches, outages, and mistakes.” Nevertheless, whether heading to heaven or dystopian era, cashless transactions are here to stay heading to take over cash transactions. The End of Cash代写**范文

Although Surowiecki was able to give reasons for adopting cashless transactions, his whole argument against cash was seemed conclusive. He stated that “ditching cold, hard cash for a future in which all money is digital” (2), seem too certain of the future of hard cash which not might be misleading and subjective as well. The End of Cash代写**范文

Marria opposes to this idea by stating that “going cashless too soon could mean millions of people are financially excluded and at risk of exploitation”. Therefore, there is caution in adopting a cashless transaction, and if it happens, it will take time. Surowiecki’s failure to recognize the threat of cashless transaction to society makes his argument weak and misleading.

Application of Major Idea The End of Cash代写

All people can apply and relate to the information given by Surowiecki by being informed on the trends in transactions. The main interest is how cashless has transformed transactions and compare that with the need for cash. People should, therefore, realize that the cashless transaction is taking ground tremendously and they need to align with these trends to not be left out. If Surowiecki argument for a complete takeover of hard money is feasible shortly, it means fast, secure, and efficient transactions.

Bibliography

Marria, Vishal. “What A Cashless Society Could Mean for The Future.” In Cybersecurity. Accessed April 26, 2019. https://www.forbes.com/sites/vishalmarria/2018/12/21/what-a-cashless-society-could-mean-for-the-future/#5bf7fbef3263