A digital legal tender could resolve this problem. Suppose the central bank charged the banks that deal with it a fee for accepting paper currency. In that way, it could set an exchange rate between electronic and paper money -- and by raising the fee, it would cause paper money to depreciate against the electronic standard. This would eliminate the incentive to hold cash rather than digital money, allowing the central bank to push the interest rate below zero and thereby boost consumption and investment. It would be a big step toward doing without cash altogether.
No, you friggen idiots. I am not going to fake it for the fools.
Cashless becomes pure cash, there is no way the central banker can do shit, except post a betting site for their particular currency, The bots, in a digital currency world, are the central bankers, they run the savings and loan site. Further, no humans allowed, no human tampering, no human can decode the transactions, sorry, but that makes pure cash. We are moving to pure cash.
What is Bloomberg really advocating?
They advocate a system in which the Swamp can take money from our accounts, at will, instantly without our knowledge. Sounds like another form of Obamacare, we an call it Obamacash. But I have news for Bloomberg, software engineers are much too smart for thaty lunacy.