Current Event: Electronic Money

To truly appreciate this post, you should begin by looking at the following comic. http://xkcd.com/538/ Sweden is on the verge of turning away from using cash entirely. It would be an entire society where money would be insured by more than the fear of the looming $5 wrench. With credit card companies handling fraudulent charges, and banks always trying to be on the cutting edge of cyber security, there is no reason that we should have to use something as insecure as cash. If you get mugged and lose your wallet full of cash, chances are you are out of luck, but if cash was out of the picture, that fear would be subsided. The turn from cash could potentially stop, or at least hinder, entire branches of crime. It could affect currency forgery, money laundering, and even take it's toll on the drug/black market. The one concern that Sweden has is that this would negatively affect their elderly citizens, but as the article so quaintly puts it "admittedly that’s a short term problem to overcome." There is little security in this world, especially for a cash based society. With so much of what we have being volatile, should we not, as Sweden, do all that we can to protect that which can be protected? http://www.geek.com/news/sweden-may-be-first-country-to-eliminate-cash-1514483/