[Finance] A Cashless Society.

[Freestyler]

Give it 10 years at most and cash will be gone. Correct?
Bad for criminals? Will your pusher be using Sum Up?

 

[dsr-burnley]

I certainly hope not. Not unless they provide a free electronic alternative.

More to the point, unlikely. There will still be a lot of people who really don't want to have to pay their 6 year old's spending money by transfer to a smartphone. There may even be people who don't want their 6 year old to have a smartphone!

 

[Brightonfan1983]

Best long-term argument I've heard for "against" is that £10 isn't worth £10 after just one transaction. Leaving Shops to one side (the major places where one has always tended use card payments), the chiropractor you go to, or the local bike repair shop, or the little pub on the corner, it's always best to pay in cash if you can.

The really interesting science programme Secret Genius of Modern Life (iPlayer) looks at how credit cards came to be; fascinating on its own, but the technology behind 'tapping' is astounding, what the card people (usually Visa) do in a fraction of a second is amazing - my point being that it has to be paid for. So why pay for it if you don't have to?

 

[GT49er]

I certainly hope not. Not unless they provide a free electronic alternative.

More to the point, unlikely. There will still be a lot of people who really don't want to have to pay their 6 year old's spending money by transfer to a smartphone. There may even be people who don't want their 6 year old to have a smartphone!

This. Hallelujah!

 

[Justice]

Give it 10 years at most and cash will be gone. Correct?
Bad for criminals? Will your pusher be using Sum Up?

I insist on bit coin for my illegal activity only an amateur would opt for sum up

 

[Tyrone Biggums]

People must reject CBDCs.

 

[Tyrone Biggums]

I certainly hope not. Not unless they provide a free electronic alternative.

That's the evil plan already underway.

To push CBDCs onto the population.

"A CBDC could not only grant a government total, unchecked surveillance into someone's financial life — down to every cent spent — but also allow a government to, for example, prohibit an individual from engaging in commerce altogether or literally delete the assets of some disfavored individual or group of individuals."

 

[Justice]

That's the evil plan already underway.

To push CBDCs onto the population.

"A CBDC could not only grant a government total, unchecked surveillance into someone's financial life — down to every cent spent — but also allow a government to, for example, prohibit an individual from engaging in commerce altogether or literally delete the assets of some disfavored individual or group of individuals."

You know the ‘ if you have nothing to hide ‘ brigade will be in full favour.

 

[sparkie]

Cash is King.

 

[danish seagull]

Almost there in Denmark and has been for a while. Annoying when you end up with cash now as not everywhere takes it. Works a treat and struggle to see arguments against it

 

[Herr Tubthumper]

Almost there in Denmark and has been for a while. Annoying when you end up with cash now as not everywhere takes it. Works a treat and struggle to see arguments against it

Same when I was in Sweden. I’m very much in favour of it.

 

[Mo Gosfield]

The banks are determined to close all their branches and move everything online. Cheques now have a limited shelf life. Cash is our last bastion against Big Brother knowing every minute detail about your life. Not for me.

 

[Gwylan]

Almost there in Denmark and has been for a while. Annoying when you end up with cash now as not everywhere takes it. Works a treat and struggle to see arguments against it

How about when you lose your card (as I did 18 months ago, just before Christmas)? I managed to get to the bank and got a wad of cash out for my shopping. I'd have been stuffed in a cashless world.

 

[Springal]

The banks are determined to close all their branches and move everything online. Cheques now have a limited shelf life. Cash is our last bastion against Big Brother knowing every minute detail about your life. Not for me.

What will ‘big brother’ know that they don’t already ?

Cash argument is a bit bollocks, most small businesses don’t use it because the cost of banking, risk of cash on premises etc. only really sold traders have a benefit, for obvious reasons

 

[Justice]

The banks are determined to close all their branches and move everything online. Cheques now have a limited shelf life. Cash is our last bastion against Big Brother knowing every minute detail about your life. Not for me.

What will ‘big brother’ know that they don’t already ?

Cash argument is a bit bollocks, most small businesses don’t use it because the cost of banking, risk of cash on premises etc. only really sold traders have a benefit, for obvious reasons

I was shocked when a customer pulled out a grand in cash to pay me a couple of weeks ago. To be honest I’d rather it was a bank transfer as I ended up paying half into the bank to cover some direct debits which I did at the post office and they charged me £2.75 for the privilege.

 

[jonny.rainbow]

I only use cash at the local chippie as they are CASH ONLY.

As soon as they go chippie and pin, I’ll be cash free.

 

[One Teddy Maybank]

Rarely use it these days, but there is a place for it, particularly for some of the elderly who prefer it.

 

[Tyrone Biggums]

You know the ‘ if you have nothing to hide ‘ brigade will be in full favour.

I'd say it boggles the mind that anyone would want such a system in place but then when you see how so many people slavishly keep the two party corrupt systems in place it's probably not that surprising there's people out there who would happily have the Government control their lives entirely.

 

[Justice]

I'd say it boggles the mind that anyone would want such a system in place but then when you see how so many people slavishly keep the two party corrupt systems in place it's probably not that surprising there's people out there who would happily have the Government control their lives entirely.

Sadly yes we are becoming a brainwashed society needing wet nursed 24:7. The plebs in Greece were a recent example many crying there wasn’t an 18 year old holiday rep to tell them to move away from the fire.

 

[Herr Tubthumper]

How about when you lose your card (as I did 18 months ago, just before Christmas)? I managed to get to the bank and got a wad of cash out for my shopping. I'd have been stuffed in a cashless world.

As has been mentioned, and also from my personal experience, Denmark and Sweden are pretty much cashless......I wonder what happens over there in such events? Calling @danish seagull