Sitting in traffic yesterday, an armored Dunbar truck drove by in the other lane – not unlike the one in the photo above.
All I know about armored trucks is that carry cash. Everything I know about cash is that it’s going digital (debit cards / automated deposits & withdrawals, etc). At some point I suspect the demand for armored trucks to transport cash will be nearly non-existent.
In that world – what would they transport?
Best I could come up with: database servers loaded terabytes of archival financial data.
Then it struck me: servers only have value when plugged in and turned on.
Disconnect something from the internet – and it’s value inherently falls, say, 90%.
If the inverse is true – put an asset on the internet and its value increases 10x – I’m even less concerned about a shrinking manufacturing sector.
I am however still searching for how armored trucks could serve us when all currency goes digital.
Any ideas?
Though digital currency is superior, to say the least, it will be many, MANY years before physical currency is replaced.