Robert & others,
I do see your perspective.
From my perspective there will always be a need for cash for smaller transactions such as in the self service wand portion of our industry & for the other industries that I am familiar with such as the self service laundry industry & self service dog wash &
vending from my 56+ selection MegaVendor. There are current properly done studies that show that 95% of laundromats are still
coin even though in house card systems have been available for over 25 years now.
My understanding there are transits & other situations where the cash --- specifically dollar
coins are by far the best payment method --- for a long list of reasons stated on the dollar
coin alliance & their partners' websites. That is of course when the dollar
coin is properly available. To answer Mep ---Keeping the one dollar bill has proven itself to make cash more costly than necessary --- which in turn of course--- will have a bearing on the push towards "the less privacy" of no cash whatsoever.
The key is to continue indefinitely with cash in the most efficient way possible so it remains a healthy & fee-less approach. If the technology becomes available to make the dollar bills out of a more durable material --- it still should be limited to just the $5 & above. Actually, the seniorage of the
coins is what has made cash less fee prone in the past & if done right with a future $2
coin this seniorage -durability combination will allow cash to continue to have a healthy niche through not just the USA --- but throughout the world. Many of us like Bill P who have traveled to foreign countries --- understand this better than others.
Even in the future I honestly think that a significant percentage of us because of trauma or whatever --- will partake in fewer transactions with each other if we ever would become totally cashless --- because of healthy paranoia or whatever.
mike walsh king koin of bismarck