As I alluded to before, the technological capability may be there, but technology has limitations and vulnerabilities such as electric grid failure, local power outages, natural disasters, etc. What about the EMP explosive vulnerability we have all heard about? What about hackers taking the system down? Sure, it’s doable on one level, but the reality is that it places the populace at great risk when things don’t go quite as planned, and there are plenty of ways for it to go bad and hurt a whole lot of people.
The Smart play is not to roll over and accept it, but to resist the lunacy. . . and believe me, it is totalitarian lunacy.
All the problems you foresee will not matter in the end, cash will disappear, because it has to.