Operative term there: just about. I’ve got a monday dinner at a bar where I use cash, a thursday lunch, and the concession counter at the movie theater, plus the random under $10 purchase. That’s pretty much it, but that’s all it takes to make sure I always have cash on me. There might be a great number like you, but if there’s one thing to learn from how the entertainment industry has fractured it’s that in a nation of 311 million it doesn’t take many to be many. There’s still clearly a strong demand for cash even if you don’t count the people buying drugs.
It’s not going to be a tipping point, it’s going to be a killer app. Somebody will finally come up with a method of storing and distributing money that achieves what cash does. It’s easy to spot it, just ask yourself: is this method of payment fast and easy enough that if you had all payment options available to you you’d use this one to buy a soda at a convenience store? If the answer is yes that’s the one that replaces cash. If the answer is no cash lives another day.
Or the government says “screw you guys” and stops printing the stuff.
Sure, it’s “just about” right now, when it wasn’t that way not so long ago. It’s the “movement” and the direction of the movement.