Cloud Money

Payment cards seem convenient, and cryptocurrency appears to be in tune with the spirit of the times; however, Brett Scott in his new book “Cloud Money” explains why cash is more important now than ever. He does not suggest completely abandoning digital money and does not consider bitcoins harmful or meaningless for humanity, but he advises to think about the ongoing secret war against cash. There is a struggle for our wallets, and the author provides an overview of the current payment system, showing how profits and data are extracted from our purchases. There is no need to believe those who convince people that cash is destined to disappear, as happened with the horse-drawn carriage after the invention of the automobile. Cash is not a cart, but a bicycle speeding through a traffic jam. It might not be as fast, but it is much safer. “Cloud Money” explains, warns, and reassures: we are capable of learning to manage our savings properly.