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This 10% number is a new stat to me. I'd be curious where it comes from.
It is broadly estimated that in the US, only 10% of money in circulation exists in physical form. This means that the majority of our financial transactions are already made electronically – from Google- and Apple Pay to PayPal, Venmo, and debit or credit transfers.
I had a mostly visceral reaction to REAL ID, not having thought about these surface level consequences even.
In the US, the Department of Homeland Security is currently phasing in REAL ID, a 9/11 era program that aims to ensure data consistency across states. In reality, REAL ID is set to revolve around mobile drivers licenses that provide law enforcement with real-time access to a person’s data. As the primary form of identification, a mobile drivers license would enable law enforcement to see whenever a person showed their ID at age-restricted venues and for age-restricted purchases, such as bars or nightclubs.
I definitely heard something about that 10%, and I'm pretty sure it's linked to fractional reserve banking.
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10% seemed high to me, but apparently that is about right.
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Didn't they stop accepting drivers licenses at the airport? You either have to show REAL ID or use your passport
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30 sats \ 0 replies \ @k00b OP 17h
Yes, as of May of this year, but I figure airlines already gave governments read access to their databases.
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0 sats \ 1 reply \ @k00b OP 20h
no citations though hmm
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I don't get it. this article got no citations?
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